Portfolio

"Optimizing choice for our clients … is critical to how we operate as a firm," CEO James Gorman said during an earnings call where the wirehouse reported net revenue was a record $3.9 billion last quarter.

Paul T. Lebel excessively traded shares that carried large front-end loads and "willfully disregarded the customers' interest," the agency said.

Technology is getting better at replicating the work of human planners, warns Hedgeable CEO Mike Kane.

Investor interest in low-volatility strategies reached a fever pitch earlier this year, with $8 billion pouring into the most popular funds.

McNabb said investors pay an average of 12 cents per $100 for Vanguard’s mutual funds and ETFs and that in five years that number could fall below 10 cents.

A $2.2 billion Morgan Stanley team's move to independence shows how breakaways use shell companies to take advantage of the legal pact, and why more than 1,500 firms have signed on.

IRAs are not subject to as many rules, allowing investors to make withdrawals that conform to their portfolio strategy.

The firm's digital advice service, to be piloted in early 2017, is a bid to give RIAs unprecedented scale.

Clients may be less anxious if they know their portfolios include funds built for stability.

Fee-only advisors seek clarification from the DoL on compliance requirements.