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New York, California and Texas will be ground zero for Fiera Capital, the $71 billion Canadian investment manager that is hoping to crack the top tier of the U.S. private wealth market.

Although average Gen Xers say they want life insurance policies worth more than $700,000, they purchase only $260,000 in coverage.

Advisors who want to work with the next generation of millionaires will need to roll up their sleeves.

In a Q&A with Financial Planning five scholarship winners – and next generation planners – share their views on the industry opportunities and challenges that lie ahead.

With the transfer of wealth from baby boomers to the younger generations already underway, financial advisors need to adjust or risk getting left behind.

Oppenheimer Funds and Putnam Investments have won top honors in the 11th annual NOVA Awards for innovation in the investment management industry.

The RIA channel is set to be a source of headcount growth, while the wirehouses and broker-dealer channels are expected to be the biggest losers, according to Cerulli Associates’ most recent study -- but there’s a silver lining for RIAs.

Members of Generations X and Y - people between 23 and 48 years old - who have $1 million or more in investable asset are more active in the markets, engaged in planning and philanthropy, informed, optimistic and collaborative than their baby boomer counterparts, according to a new survey by Fidelity Investments.

There have been 16 straight weeks of outflows from muni bond funds, to the tune of $26.4 billion, and industry watchers do not expect flows to bounce back anytime soon.

One of the most crucial mistakes wealth managers make in their marketing -- and, even more fundamentally, in their practice -- is targeting clients and prospects solely on the basis of net worth or investable assets.