Portfolio

Profits and revenues are down for all but one of the brokerages.

Nicholas Mitsakos allegedly used the funds to pay his credit card bills and make payments on his Mercedes, authorities charge.

The hedge fund's investment to-date in the New York-based bank is valued at more than $1.25 billion.

ValueAct likes Morgan Stanley’s shift to asset-light, fee-based businesses such as wealth and investment management, and said CEO James Gorman has shifted the bank to “growing fee streams that do not require much equity capital to grow.”

Could there be a limit on how many ETFs the world needs?

The Windfall Elimination Provision may reduce the amount of retirement income clients are expecting.

After taking away CFPs' right to sue the board, it makes two concessions to critics. Still, the process points to governance problems at the board, Michael Kitces says.

Traders have piled into global equities, heartened by deal activity and better-than-expected corporate earnings.

Some seniors shop around for the most affordable health insurance and less expensive drugs every year.

Two veteran advisers opened a new office for the firm.