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JPMorgan reported its first quarterly loss under CEO Jamie Dimon after taking a $7.2 billion charge for legal expenses.

Wells Fargo said third-quarter profit climbed 13% to a record as fewer loan defaults and lower expenses helped overcome weakness in mortgage lending.

Educators say they expect full explanation and transparency.

Advisor network Northstar Wealth Partners added two new advisors managing a combined $800 million in client assets with the help of its independent broker-dealer.

NAPFA’s new leaders are stressing new initiatives to expand the organization’s education programs and its membership.

Using mostly passive strategies results in lower fees and better performance, but there are cases where active management can add value.

The crisis represents a call for advisors to offer the one thing most individual investors can't provide for themselves: an objective, experienced and unemotional perspective, unclouded by fear and based instead upon short- and long-term goals.

The firm picked up five advisors with almost $450 million in assets under management.

Almost half (46%) of advisors believe their clients donate to charity to reduce their taxes, when in fact only 10% do.

Bill Gross, who has been telling investors to favor short-term Treasuries, is following through on his own advice as longer-maturity bonds suffer their biggest losses in four years.