Portfolio

Patience is a virtue, but advisers can suggest it as a portfolio diversifier that clients can actually control.

Yet that wasn't Merrill's only recruiting success, as the wirehouse also picked up a team overseeing more than $500 million in client assets.

Some insiders at big brokerage firms encouraged the DoL to maintain progress. "That kept us going," Assistant Secretary of Labor Phyllis Borzi says.

Very few retirees have incomes that equal 70% of what they earned in their working years.

The recruits moved to the firm from Morgan Stanley, Wells Fargo, Stifel and Voya.

"With so many buyers, it’s a good time to be a seller," according to the Nuveen/DeVoe RIA Deal Book.

Vice Chairmen Dan Cummings and Sam Chapin, who helped meld the wealth management firm to the bank after the financial crisis, are stepping down.

Over the past month, the biggest junk-bond ETF has experienced extraordinary record-breaking daily withdrawals even though the broader market has encountered relatively little turbulence.

Firm relaunches as Aretec – Cetera spelled backward; new owners are undisclosed.

The latest deal with heavyweights including Eaton Vance challenges industry predictions that robos would die off.