Industry

Aberdeen Asset Management agreed to buy Arden Asset Management to expand its hedge-fund business.

An arbitration panel ordered the wirehouse to pay two former clients $250,000, a mere 10% of what they originally sought, in a case involving the sale of funds of Puerto Rican municipal bonds.

A former Wells Fargo FiNet affiliate has signed on with Raymond James' independent broker-dealer.

XYPN co-founder Alan Moore moves his RIA to Abacus Wealth Partners as part of the deal.

While the group moves between wirehouses, Morgan picks up more recruits from Barclays.

Commentary: No human, no matter how sophisticated, can operate as consistently, quickly or as efficiently as the technology powering an automated investing service.

Since last month, Morgan Stanley has lost about a dozen advisors overseeing more than $1.6 billion in client assets to rival wirehouses and regional B-Ds.

After 17 years with LPL, planner says the large B-D's service dropped off.

A one-time investment specialist interacts with enough advisors to make the switch to branch management.

"This disturbs me to the core," Sheryl Garrett says after FINRA election; new FINRA leader says his views were distorted.