Industry

The Financial Services Institute, a trade group representing independent broker-dealers and advisors, has elected two new IBD execs to its 2014 board.

Two Florida advisors have been charged with defrauding their clients, including many retirees, in an offshore fraud scam.

Why one firm scrapped its old minimum asset requirements and created a new client division.

Bank of America exceeded $15.06 yesterday, the price on the day before Brian T. Moynihan became chief executive officer almost four years ago.

U.S. Bancorp Fund Services Acquires Quintillion Limited

The firm added two family wealth advisors in New York and Boston.

JPMorgan Chase & Co. reached a $13 billion deal with the U.S. Justice Department that ends probes into the bank’s sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.

G. Moffett Cochran, co-founder and chief executive officer of Silvercrest Asset Management Group Inc., a New York-based firm catering to wealthy families, which went public in June, has died. He was 63.

Vanguard Fund Manager Relinquishes PM Responsibilities

The selling advisor tends to think their practice is worth a lot more than it may be. Here are five things to ask the selling advisor and the appraiser before you buy a practice.