Practice

If you're thinking about starting your own financial services firm, you're going to need a ton of money and even more patience.

The Kentucky-based firm has hired a former Merrill Lynch advisor with $29 million in AUM.

Franklin Templeton has expanded its defined contribution investment only team this year with the addition of four wholesalers.

Multi-manager shop Virtus Investment Partners has added Rampart Investment Management, which specializes in customized options strategies for institutional and high-net-worth clients, as a wholly owned affiliate of Virtus.

There's no rest or relaxation for operations managers, as fund firms adjust to life in an era of worldwide financial reform.

Risk management and regulatory reporting.

Following news that Merrill Lynch Wealth Management lost several advisor teams to rivals this week, the firm is pushing back with three advisor hires of its own from competing wirehouse firms.

Loomis Sayles is making a hasty name change to one of its funds after losing out on a federal lawsuit.

The SEC has obtained a $1.1 million settlement from Portland, Ore., based planner Christopher Keil Hicks and two of his companies on charges they failed to disclose a revenue-sharing agreement and other conflicts with his clients.

The Securities and Exchange Commission has settled an administrative proceeding against two Portland, Oregon-based investment advisory firms regarding their failure to disclose a revenue-sharing agreement and other potential conflicts of interest to clients.