Kenneth Corbin

The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.

Buoyed in part by record wealth management gains and soaring sales and trading revenue, Morgan Stanley reported strong financial results in its third quarter.

Lending giant Wells Fargo reported record earnings in the third quarter this year, posting sales and profits large enough to offset the modest year-over-year losses in its wealth management segment.

The wealth management sector hasn't exactly been blazing the trail when it comes to integrating sleek new mobile devices into the workflow, but that slow ship is beginning to turn, according to a new study from the research firm Aite Group.

Investment consultants and plan sponsors continued to express the strongest interest in the geographies of ACWI ex-U.S., global and emerging markets in September, according to a prominent institutional investment database.

Gemini Fund Services is expanding its portfolio, building out its Northern Lights Fund Trust I shared mutual fund trust with the addition of three new funds from Ascendant Advisors.

LPL Financial Retirement Partners has rolled out the next iteration of its portfolio of tools for retirement plan advisors working with plan sponsors.

A senior executive with FINRA sought to tamp down the concerns that many investment advisors have raised about empowering the self-regulatory organization with oversight of the sector, pledging that significant reforms would accompany any such transition.

Of the many policy issues surrounding the investment advisor sector, few are more charged than the question of where regulatory authority should properly be housed. And those divergent viewpoints were on full display at the annual advocacy summit hosted by the Financial Services Institute.

A top official with the Labor Department defended the controversial plan to expand the definition of "fiduciary" to cover people providing advice to retirement plans on a commission-based model, a proposal strongly opposed by industry groups representing independent broker-dealers and advisors.

Schwab Advisor Services is launching a multi-million dollar marketing and education campaign aimed at promoting the registered investment advisor (RIA) sector in an effort to differentiate the channel from other, more traditional models in the eyes of affluent investors.

The advocacy organization representing independent broker-dealers and independent financial advisors will press its policy priorities to lawmakers on Capitol Hill as part of a two-day summit in the nation's capital.

The latest entrant into the wealth management arena comes not from Wall Street but from just outside Silicon Valley, and is taking dead aim at the Internet brokerage space for higher-end investors with a slick Web-based dashboard, holistic account monitoring and a stable of financial advisors to complement the technology with a human touch.

Schwab's Advisor Services division has developed a suite of new resources to help financial advisors navigate the legal and regulatory issues that arise when making the transition to an independent Registered Investment Advisor (RIA) practice.

President Obama announces a sweeping long-term deficit reduction plan that includes a proposal calling on federal employees to shoulder more of the burden of funding their retirement plans.

Crime lore has it that when the prolific stick-up artist Willie Sutton was asked why he robbed banks, he glibly responded, "Because that's where the money is." And in the 21st century, Sutton's maxim is alive and well in the cyber realm.

Retirement programs for public employees are under siege, with numerous state and local employers either undertaking or considering massive restructuring of their benefit plans. The constraint comes as state budgets constrict and asset values drop.

Analysts at Standard & Poor's are looking to exchange-traded funds rooted in individual countries as a vehicle for advisors and their clients to compensate for sustained weakness in the U.S. economy.