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Why would anyone spend $24 million to buy a 1% stake in the Yankees? For wealthy sports fans, it's cool — and can be one heck of a tax shelter.

The wirehouse team launches HighTower's third practice this year.

Management blamed falling profits on weak markets and "muted client activity."

The wirehouse hires recruits from Credit Suisse and Merrill Lynch.

BlackRock made its $152 million deal for the Silicon Valley-based startup FutureAdvisor last August. Since then, its robo advice client roster has expanded.

Deutsche Bank said Quintin Price, who leads the company’s asset management business, has taken medical leave.

A number of advisors are striving for the status quo instead of creating a better business and stronger relationships. In effect, they're giving up.

Parthemer worked with pro athletes and frequented South Beach clubs with rap stars.

Does the newest iteration of a favorite advisor tool stand up to scrutiny? Our tech columnist takes it for a test drive.

A manageable way to recreate the S&P 500 and win on taxes, too.