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Payouts from advisory firms have reached nearly $80 million as the regulator targets excess fees.

It would be the first fund of its kind from the asset management giant. Plus; other launches.

While these funds often combine various asset classes, the firm’s offering will stay close to home — buying its own bond products.

The founders of today’s most successful advisory firms won’t change because of an “invisible scar,” says columnist Bob Veres.

Regulations can take a long time to reverse.

Ensuring that a client's windfall today lasts longer than just tomorrow takes more than financial acumen, experts say.

Which banks are advisors moving to? One recently jumped to Woodforest National Bank from Merrill Lynch. Eight others switched to Arvest Bank, Northern Trust, Union Bank, U.S. Bank and Wilmington Trust from myriad financial services firms.

No performance chasers here; these investors buy on the downside.

The regional broker-dealer adds another team to its roster while wirehouses continue to scale back on recruiting.

The RIA rep fabricated account statements and used forged letterheads as part of the deception, investigators say.