Teck Lim

Thirty-seven percent of investors say they are now refraining from investing in stocks because of current economic or market conditions, and as many as 76% of investors say they are only somewhat or not at all willing to take on more risk to obtain a potentially higher yield.

Glenmede, a privately-held wealth management firm with $21 billion assets under management, has hired Timothy Fisk as vice president and wealth advisor, and Jeffrey Coron as director of Institutional and Intermediary Distribution.

While more than a third of Baby Boomers said they expect Social Security to be a major source of income in retirement, nearly 40% were not confident that the system will have money to pay benefits throughout their retirement, according to a recent survey by MFS Investment Management.

As advisors scramble to make an impression on prospective clients, one valuable tool is becoming increasingly apparent – blogging.

Legacy Wealth Planning announced Wednesday that it hired Mark Elston and his team of financial advisors.

As the November elections approach, macroeconomic concerns are the biggest concern for investors, according to a TD Ameritrade study.

Instead of expected retirement at the age of 65, the number has gone up to 75, according to My New Financial Advisor's survey.

Most believe without action to address tax cuts and spending cuts that are set to roll out at the end of the year, economic conditions will worsen.

UMB Financial Corp., a Kansas financial service holding company, has launched the UMB Business Partner Portal, an online tool to help business partners better serve their employer clients.

Focus Financial Partners, LLC, the nation’s largest partnership of independent wealth management firms announced the acquisition of Vestor Capital Partners, LLC.

Informa Investment Solutions, the New York-based supplier of software and solutions for the investment industry, announced Wednesday it will buy Zephyr Associates, Inc, a developer of analytical software tools.

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, added Schluchter Investment Advisors, which manages more than $300 million in client assets.

National Advisors Trust, an RIA-owned trust company with over $7.5 billion in assets under administration, announced Tuesday that it hired that Joseph Morsman as senior vice president of institutional trust.

A majority of breakaway brokers have their eyes on LPL and Raymond James, according to a report by Cogent Research, a Massachusetts market research firm.

Healthcare is often a big retirement concern for seniors, yet less than a third that have financial planners discuss Medicare plans with their advisors, according to a recent survey commissioned by Allsup.

"As breakaway brokers continue to seek the benefits of the independent RIA model and a large number of RIAs near retirement, we're seeing unprecedented opportunities to create mutually beneficial relationships between advisors," said Ben Welch, Ameritrade's director of advisor business development. "RIAConnect meets the increasing demand for a more effective way to connect firms and helps support advisor growth potential."

TD Ameritrade announced Wednesday it will introduce access to a full range of competitively priced annuities to help independent registered investment advisors meet increasing client demand for retirement income solutions.

LPL Financial announced Tuesday it has expanded its Model Wealth Portfolios platform through the addition of two new portfolios from LPL Financial Research and two managed alternative investment portfolios from Fortigent.

Fieldpoint Private, a Greenwich, Conn., based wealth advisory and private banking firm, announced that Susan Hirshman has joined the firm as a managing director and senior adviser.