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Public pension funds have been moving huge amounts of money into alternative investments managed by Wall Street.

Almost three in four millionaires (73%) and almost as many mass-affluent investors (72%) reported being satisfied, up from 72% and 69%, respectively, last year.

Three investment advisory firms have been sanctioned by the SEC for repeatedly ignoring problems with their compliance programs.

Clients’ desire for principal protection plus profit potential has benchmark-based products booming.

Wealth management services generated $7.5 million in revenue, up nearly $2 million, or 34%, from $5.6 million in the same quarter last year.

The U.S. Securities and Exchange Commission voted unanimously to seek comment on a proposal to allow businesses to sell ownership stakes in their companies by soliciting investors over the Internet.

Amid a highly competitive recruiting environment, Edward Jones shows a softer side.

Warren Buffett’s holding company regained its ranking as the favorite stock pick among U.S. and Canadian multimillionaires, beating Apple and fending off the increasing preference for exchange-traded funds.

The firm’s advantage over its Wall Street peers is fading in the eyes of credit- derivatives traders as fines and regulator probes hobble profits while firms from Citigroup Inc. to Morgan Stanley rebound.

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