Industry

Vanguard, the world’s largest mutual fund company, said two long-time managers of the firm’s funds, Lucius T. Hill and Karl E. Bandtel, will retire next June.

The independent firm affiliated with Raymond James picks up two recruits who made the jump in separate moves from Oppenheimer.

The recruits have launched independent practices and joined existing teams with FiNet.

RBC's newest recruits oversee about $132 million in client assets.

"Your best people are everyone else’s best prospects,” said John Burns, CEO, Exencial Wealth Advisors.

Opinion: Contributor Allan S. Roth is “more than a bit concerned” that this marriage of a low- and high-fee provider will not be good for investors.

"Position a plan of life phases rather than life stages," trend researcher Kim Lear says at Schwab Impact.

Baby boomers will continue to be the nation's wealthiest generation for the next 15 years and remain the largest fee pool for banks and financial services firms, according to new report.

The agency is using data analytics to scrutinize broker-dealers and advisors who are recommending an increasingly complex array of products.

The new recruits join Baird from Wells Fargo Advisors and Stifel.