Practice

CLS Investments, a third party money manager, has promoted Todd Clarke to the position of chief executive officer.

Charles Schwab is looking to make a statement in the exchange-traded fund space, even if its CEO Walt Bettinger wants to downplay the significance of the move.

Washington Wealth Management added Domari Wealth Management, a breakaway team from Wells Fargo with $135 million in AUM and $1.4 million in revenue, to its newly formed Woodland Hills, Calif., office.

CEO John Stumpf offered candid views on monetary policy, the housing crisis, capital rules and even consumer protection during a panel discussion late Wednesday.

Cynthia Egan, head of retirement plan services at T. Rowe Price, is retiring on December 31.

For those in the business of providing investment advice, the situation in the nation's capital is getting serious. With Washington gridlocked and steeped in uncertainty over a series of tax cuts set to expire at the end of the year, members of the Senate Finance Committee and House Ways and Means Committee met for a joint session to consider a critical and contentious facet of the tax code: capital gains.

Tim Pawlenty, the former Republican governor of Minnesota who criticized Wall Street while running for president last year, is joining the Financial Services Roundtable as president and chief executive officer.

A survey from the Oechsli Institute reveals that advisors are underusing the personal aspects of social media to build client rapport.

They represent a bigger opportunity than the Baby Boomer generation and they require new strategies from planners who want to reach them. But, for those planners who can adapt to the preferences and priorities of Generation Y, they could provide a lifetime of new clients.

As PenFed moves investment program back to former third-party marketer CFS, it sets sights on previous AUM mark of $250 million.