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Even as Merrill Lynch moved to a $40 million settlement in response to a class action lawsuit this week, some experts ask whether it will be enough to satisfy some several thousand advisors who left the firm following its acquisition by Bank of America.

Forward’s former president Jeff Cusack has taken a new job with rival alternative mutual fund ship Nuveen Investments.

Pyramis Global Advisors, the institutional asset management arm of Fidelity Investments, has expanded its global distribution leadership team with the additions of Maureen Fitzgerald as head of North American Institutional Distribution, a newly created position.

Calamos Investments this week welcomed an old foe into its fold.

Drew Brahos and Bruce Wetter will advise clients on portfolio management strategies and contribute to the team's investment research.

Ameriprise has added two big producing teams from Wells Fargo and LPL.

Proving that it is still in the competition for top advisory talent, Morgan Stanley Smith Barney has tapped competing firms to add nine new financial advisors with more than $1.22 billion in client assets under management to its forces.

A 20-year industry veteran, Jeff Smith will help build out the firm's D.C. office as a non-producing branch manager.

Wells Fargo has heated up its recruitment this summer by ushering in a spate of new financial advisor hires with almost $1.4 billion in assets.

Norman Greenidge will be responsible for meeting the wealth management needs of professional athletes through Northern Trust's core services of financial planning, investment management, trust and estate planning and private banking.

Susan Pickering will lead a team of relationship managers for high-net-worth clients and retirement plan services for institutions.

The Bockhold-Voorhees wealth management group joins RBC as recruitment picks up at the Newport Beach, Calif. office. The Bockhold-Voorhees Wealth Management Group, including Tim Bockhold, Bob Voorhees, Maureen Ortiz and Kathleen Carroll, have moved from Wells Fargo to RBC Wealth Management's Newport Beach, Calif., office, which spans from San Diego to Beverly Hills and out to the desert. .

Veteran advisors Vann Wilder and Van Martin are taking their $300 million team from Morgan Stanley to Raymond James Coral Gables, Fla. office.

On August 13, 2012, Executive Briefings.

On August 9, 2012, Hatteras Funds has rehired Michael Hutten as an executive director, responsible for leading sales initiatives in the Western U.S. region, focusing on investment consultants, Registered Investment Advisors, and broker/dealers.

On August 8, 2012, David Wray, president of the Plan Sponsor Council of America, will retire from his post as president of the PSCA at the end of September.

On August 7, 2012, The Segal Company today said that its founder and Chairman Emeritus, Martin Segal, has passed way. He was 96 years old.

On August 6, 2012, Buffalo Funds is looking to take its family of ten no-load mutual funds to the next level with the addition of Tony DeMarino as Head of Global Distribution in June.

Looking for a different culture, Paul Keats, who had over two decades at Morgan Stanley Smith Barney, and John Keats struck out for a smaller, regional firm.

Attention, asset managers: The Registered Investment Advisor channel is one place where you can differentiate your offering in a crowded marketplace, according to Cerulli Associates.