Portfolio

Firms seeking to adapt need to keep these four points in mind.

Valuations are high from a fundamental perspective, but increasing consumer confidence has historically pushed them even higher.

Too much growth has led to a slowdown in business efficiencies. Smart firms need to fix their operating models.

More retirees are expected to join the gig economy and go on trips that offer unique experiences.

The adviser reversed course after Merrill Lynch unveiled plans to phase out commission-based retirement accounts as part of its plan to comply with the Department of Labor's fiduciary rule.

Recruits from Morgan Stanley and RBC joined the independent firm affiliated with Raymond James.

On Wall Street's annual ranking of successful young planners.

Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.

Firms like the Denver-based money manager that run actively managed strategies have been losing to competitors offering lower-cost mutual funds and ETFs.

The move echoes a larger effort by Wall Street to boost brokerage revenue as investors flee actively managed funds for cheaper products.