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Bank CEOs John Allison, Ed Wehmer and David Zalman blended good-natured banter with insights on breaking the $10 billion-asset barrier, the danger of bank buyers paying too much and changing attitudes about M&A at an industry conference this week.

At a time when recruiting is down across the independent broker-dealer space, Cetera Financial Group has added 247 net new advisors nationwide between Jan. 1 and June 30, 2013.

Unexpected pitfalls often cast a pall on clients’ dreams of retiring to foreign lands.

Seeking to end probes of a trading debacle that damaged its reputation for risk-management, JPMorgan agreed to pay about $920 million for failing to implement adequate controls and providing incomplete information to regulators and its board.

Gorman, who owns about $31 million of his firm’s stock, has a Morgan Stanley private wealth advisor and his personal investments include municipal bonds and a biotech fund, while he favors global equities for his children’s accounts.

Individuals in same-sex marriages will be entitled to the employer benefits of their spouse even if they live in a state that doesn’t recognize their union, the U.S. Labor Department said.

These investment strategists say they believe the emerging economies in the world are where equity opportunities are to be found.

According to Federated Investors' 2013 Investor Mindset Survey, high-net-worth investors will begin making a decisive shift in their portfolios over the next 12 months with 24% planning to invest more in equities over the next year versus only 10% for bonds.

If forced to choose, most investors would seek to preserve capital rather than pursue higher returns, a survey by Natixis Global Asset Management has found.

Eight ideas for clients thinking of retiring to exotic locales.