Larry Barrett

They’re skeptical, cynical and probably way too dependent on mobile computing devices. But advisors who don’t make the effort now to target and cater to Generation X and Generation Y investors will pay a steep price in the next decade as their bread-and-butter Baby Boomer clients transition from wealth accumulators to wealth distributors.

Pershing on Wednesday said advisors will now be able use its platform to open, fund and manage 529 college savings plans for investors looking to set aside cash for their children’s education.

Investors of all ages and incomes want more online services and features in order to be more informed and involved in their investment activities. And if they don’t get them from their financial advisors, they’ll find someone – if they haven’t already – who will.

UBS AG this week said it will combine the investment advice and research units of its Wealth Management Americas and UBS Wealth Management groups onto a single platform to provide all of its investment clients with a more comprehensive and integrated offering.

A new survey from Spectrem Group finds that affluent investors – particularly millionaires – are becoming more and more pessimistic about the U.S. economy’s erratic recovery despite the Dow Jones Industrial Average’s strong start to the year.

Edward Jones survey finds that only 37% of Americans were able to correctly identify 529 plans as a college savings tool.

A House Financial Services Committee will begin hearing testimony for and against a controversial bill that would shift regulatory oversight of investment advisors from the SEC to a self-regulatory organization such as FINRA.

Morningstar has launched Annuity Intelligence, a web-based research and evaluation tool for advisors and broker-dealers charged with finding the best variable annuity products for their clients.

Lincoln Financial Advisors Corp. has named Bob Stuber managing principal where he’ll be responsible for growing and servicing the firm’s client base in the Houston area.

Raymond James this week said financial advisors John Nice, Brian Trujillo, Steven Ringquist and Bradley Trujillo, collectively working as The Nice Group, have joined the firm’s office in Denver.

Barclays has added a quartet of investment reps from Deutsche Bank and Morgan Stanley Smith Barney to bolster its wealth and investment management group in New York.

But despite their understandable fear that rising health care costs will erode their retirement savings, more than a third of high-net-worth folks haven’t bothered discussed their well-founded concerns with a financial advisor.

More than five million high-net-worth investors are using social media sites to inform their financial decisions and nearly three in four use LinkedIn for investment research.

Veteran financial advisor James "Frank" Cape of Green Bay, Wis. has joined Raymond James Financial Services.

April was a roller coaster ride for investors. Here are five stocks that weighed down the Dow the most last month.

Through all the ups and downs, the Dow still managed to post a tiny gain in April. Here are five stocks that made it happen last month.

Perella Weinberg Partners has added former Morgan Stanley executive Michael McGrath as a partner in its asset management group.

Investors love owning stocks that consistently dole out ever-increasing dividends to shareholders. But which stocks are best for your clients?

Raymond James posted a second-quarter profit of $68.9 million, or $0.52 a share, on sales of $872 million.

You’re never too young to start planning for your retirement and most financial planners bemoan the fact that clients often wait too long to start saving for their golden years. Here’s an interactive slide show counting down five things 20-somethings can do today to ensure they have the means to retire in the style when the time comes.