Industry

This year, the leading wirehouse and regional wealth management firms took the steps necessary to ensure they reap rewards as markets hit new highs.

Is the boom over? After years of double-digit growth, independent broker-dealers hit a rough patch in 2012. We report from the front lines of the FP50.

The best bank managers and best wirehouse managers have a lot in common. While each has the distinct flavor of their respective channels, they are very similar in spirit.

Royal Bank of Canada was ordered to pay more than $800,000 to a U.S. couple over their losses on investments including Lehman Brothers Holdings Inc. preferred stock.

As selling stocks gets tougher, the number of brokers has dropped 12 percent since 2008 to about 363,000 last year. Edward Jones is finding success by sticking to its old ways.

Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.

Hartford Funds has named Wellington Management Company’s Nanette Abuhoff Jacobson as global investment strategist.

Brock Loen says he uses the same skills to raise three sons as he does to supervise his 21 brokers at Davidson. His mantra: "Being fair with everyone, accessible at all times, and telling each other the truth."

Catherine Lapadula is a hard-charging woman who says she is doing what she loves and sitting where she always wanted to sit—in the manager's seat at UBS's international wealth management operation in New York City.

T. Rowe Price is selling off its subsidiary, T. Rowe Price Savings Bank, to Jacob Safra for some $24 million in cash, the firm revealed today in a filing.