Suleman Din

Andrew Parish, publisher of the wealth management gossip site, admitted he failed to pay more than $341,000 in employment taxes for his recruiting business, Axiom Consulting Group.

If managers who invest in their funds tend to outperform their peers, which ones are the best? Ranked by their respective funds' five-year performance, here are the top managers with $1 million of their own money invested in their funds.

"The bar of expectations among advisors has been raised by their experience with a best-in-class website," says the author of a new report in which advisors ranked fund managers.

Federal authorities for the first time have directly included rollovers and IRAs in their latest fiduciary standard proposal, and that could have a huge impact on firms in a fast-growing and profitable segment of the retirement savings industry.

The challenge for traditional firms like Wells Fargo Advisors, says its new digital head, is taking the reputation it has built through one-on-one client relationships over years and translating that for a digital age.

The allegations, coming from two former clients of the recently dismissed advisor, demonstrate how a big producer could also become a big liability for firms, securities law experts say.

HighTower adds a group led by one of On Wall Street's Top 40 Advisors Under 40.

Young HNW investors are very comfortable with digital wealth management tools, and many don't even have (or seem to need) an advisor.

Everybody wants to lose weight, but who's got the time to exercise? The same problem exists in personal finance management.

Traditional firms must boost their digital wealth management tools or risk being overrun by those that already do.

More acquisitions are expected in the digital wealth management space as firms look to quickly add tech platforms and services.

The standard practice of beta testing in the software industry clashes hard against banking culture, says one PFM software development veteran, where executives fear that a wonky app could mean customer attrition.

Big names in the bond industry have lent their names to actively-managed ETFs, betting their reputations will translate into investor interest. But active management's recent record against index funds makes it a tough sell for some.

Among the wealthiest clients, Fidelity and Vanguard retain their perennial leadership positions in firm perception, but there is room for others to advance their brand, according to a new study on investor sentiment toward insurance and retirement investment product providers.

Online competitors like Wealthfront and Betterment are taking issue with Schwab's characterization of its automated investment service as cheaper, better and not just skewed to millennial investors.

Announcing its automated investment product, Schwab takes aim at new digital advice competitors.

The firm agreed to pay $225,000 for failing to adequately supervise its registered representatives, one of whom allegedly bilked elderly clients of over $300,000.

The strong launch of an ETF with Jeffrey Gundlach's name behind it demonstrates there is room for more growth in actively managed ETFs, industry observers say.

No clarity on how regulators will decide to handle fiduciary standard proposed for broker-dealers, Schapiro said.

Paul Reilly describes a recent leaked White House memo supporting the DOL's efforts as "an example of biased and distorted research [that] impugns the integrity of the work our advisors do every day."