Portfolio

This year saw a number of mega teams with outsized AUMs switching firms. Here are the biggest recruiting moves of 2014.

Decreased creditor protection for inherited IRAs will impact retirement planning next year; plus, the hidden pitfalls of collecting Social Security benefits from an ex-spouse and three dividend stocks for retirees to consider.

Concerns about an over-proliferation of ETFs, curiosity regarding how market demand will shape product innovation and questions about the direction of regulation are expected to punctuate discussions among those attending the 19th annual IMN global Indexing and ETF Conference in Scottsdale, Ariz., that begins on Dec. 7.

Man Group, the largest publicly traded hedge fund manager in the world, will buy fund-of-hedge funds assets from Merrill Lynch Alternative Investments to expand in the U.S. The London-based firm will acquire the contracts to manage Merrill’s $1.2 billion multi-strategy investments, and will pay Merrill Lynch $2.9 million when the deal closes and 35% of the management fees generated annually for five years, not to exceed $30 million.

Bill Gross’s main bond fund at Janus Capital Group Inc. received an estimated $769 million in new money last month, bringing assets above $1 billion. His Janus Global Unconstrained Bond Fund reported assets of $1.21 billion as of Nov. 28. That’s an increase from $442.9 million from the prior month.

'It's mayhem' at firm, an ex-advisor says, following CEO David Zier's suicide.

Facing the threat of competition from Google and Amazon.com, UBS has turned to a company that uses artificial intelligence for help delivering personalized advice to the bank's wealthy clients.

HighTower recruited a Merrill Lynch advisor to join a group that broke away from the wirehouse earlier this year.

The resignation comes in the wake of the apparent suicide in October of David Zier, Convergent's chief executive.

An ex-Ameriprise franchise advisor was fined and suspended by FINRA for allegedly copying and pasting client signatures onto documents.