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With clients anxious after all the negative ads, advisers have some explaining to do.

With clients anxious after all the negative ads, advisers have some explaining to do.

The recruit is joining an existing practice, boosting the team's assets to $1 billion, according to the firm.

Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.

The hit smartphone game Pokémon Go taught banks a lesson in mobile strategy this week: gamify it.

An already brutal year for large-cap managers, with only 18% beating the Russell 1000 Index through June 30, according to research.

The latest to join the digital advice club is Legg Mason, which revealed this month it had taken an 82% stake in robo platform Financial Guard.

A federal court in Texas, which has sided against the DoL in recent cases, is scheduled to hear arguments later this year on whether department overstepped its bounds with new rule.

The approaching milestone represents growth of about 30% in the past 9 years.

Second-quarter profits from wealth management and securities services jumped 56.3% to $100 million from $64 million a year ago.