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Morgan Stanley and Advisor Group are moving ahead with changes despite the possibility that the Department of Labor's regulation could be reversed.

Brokerage revenue is likely to drop for three to five years.

The firm also scooped up a market manager from Stifel.

The regulator was operating with three of five commissioners before Chairwoman Mary Jo White left.

Leaders in domestic stock, international stock, fixed income, and allocation and alternatives funds are recognized for standout performance.

November's election results sent the Bloomberg Barclays U.S. Aggregate Bond index, which Ford O'Neil's fund tracks, to its biggest monthly loss since 2004.

Finding that investment unicorn is growing increasingly difficult — precisely because advisers have fewer advantages over one another, Michael Kitces says. But there’s a way to finesse it.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

The wirehouse also reported record revenue of over $2 billion for the recent quarter.

Clients should consider moving to a state that does not tax ordinary income, Social Security benefits or pension payouts.