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These pass-through vehicles often yield around 5% or 6%, though they can present tax-reporting headaches and are far from risk free.

Executives chalk up growth to surging equity markets, a stable tax climate and the growing popularity of donor-advised funds.

Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states.

Banks that want to stay ahead of the digital curve should consider hub-and-spoke branch models, products that blend digital and physical services and innovation labs that allow creative thinkers to experiment - and even to fail.

The top three players – Blackrock, State Street and Vanguard – currently dominate U.S. ETF market share, holding more than 80% of total assets as of mid-2014, a percentage that has remained relatively unchanged since 2012.

A Morgan Stanley advisor with $200 million in assets under management has rejoined Merrill Lynch.

Janney Capital Markets is concerned that Standard & Poor's ratings for some local governments may be too high and out of step with current credit conditions.

The Justice Department's $7 billion deal with Citigroup is likely not the last big government maneuver to penalize banks for faulty mortgage-related practices leading to the financial crisis.

JPMorgan Chase CEO Jamie Dimon plans to be involved running the bank at a less intense pace as he fights throat cancer and said that the company is prepared for “all scenarios.”

While actual hedge funds may be limited to the very wealthy, advisors are using their strategies to reduce risk in the portfolios of everyday clients.