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The drop is "a great thing for the industry," as long as it's not mainly due to retiring older advisors and easier tests, one expert says

Advisors can assist their aging clients having a hard time keeping a family-run business in the family.

In one of the largest moves, the wirehouse picked up a team from Credit Suisse that generated $6.4 million in annual revenue and oversaw $610 million in client assets.

Community banks are embracing branch innovations to deliver a more personalized experience to customers, and differentiate themselves from larger competitors.

Huntington Bancshares in Columbus, Ohio, has agreed to sell its fund-servicing business, Huntington Asset Services, to Ultimus Fund Solutions, a provider of back-office and other services for small and midsize advisers.

Settling charges that it had used false performance claims regarding an ETF-linked strategy, Virtus Investment Advisers agreed to pay the SEC $16.5 million in penalties.

Harvard University and other top schools increased stakes in the third quarter in a Vanguard emerging market ETF that lost 19% amid a rout in developing-nation assets.

Citing regulatory uncertainty the non-traded REIT says it will “sit this one out.”

"We need to be more diverse, more sustainable and have an academic home that can support the growth of the profession," says CFP Board CEO Kevin Keller.

The firm said it landed the mega team from Merrill Lynch, marking it the largest recruiting move in Raymond James' history.