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Credit Suisse's losses include a three-member team that generated $7.2 million in annual revenue, which joined UBS.

Destitution can strike anyone—rich, poor and in between—even if they have the basics of an estate plan in place.

Morgan Stanley's move to push more cases to an arbitration system of its choosing tilts the playing field against advisors and curtails their rights, opponents say.

The Canadian-owned firm won't rule out a potential acquisition of a digital advice provider. "Everything you can imagine is on the table and actively being explored," John Taft, head of the firm's U.S. brokerage operations, tells On Wall Street exclusively.

Planner Brittney Castro takes an unorthodox route to prospecting young clients and if you don't like it, she's like, you know, cool with that.

For starters, these may be subject to the 3.8% net investment income tax.

Blackstone Group is expected to pay $39 million to settle claims stemming from a U.S. regulator's probe into whether private equity firms put their own interests ahead of investors'.

A 65-year-old male with a long-term care insurance policy has a 32% chance of letting the coverage lapse before he dies, with his female counterpart having a 38% chance of doing the same; Plus, relocating overseas to avoid hefty health-related expenses.

Blackstone Group is expected to pay $39 million to settle claims stemming from a U.S. regulator's probe into whether private equity firms put their own interests ahead of investors'.

Reflecting the global ambitions of Asian asset managers, South Korean-based Mirae Asset Management this summer quietly expanded its stateside presence, hiring four wholesalers across the country.