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Despite the slow economic recovery, many wealthy business owners are increasingly confident about their finances.

Baird has brought on four advisors with $330 million in assets.

Wedbush has expanded its Southern California presence with a 40-year industry veteran.

The trade association representing credit unions believes that the Financial Accounting Standards Board’s recent proposal to redefine the meaning of a public business entity could open the door to more appropriate accounting standards for credit unions.

The Houston company is finding that its recent deals — which allowed Prosperity to expand in highly coveted businesses such as private banking and cards — are producing a nice boost to fee income.

Investors are more concerned about improving the quality of financial disclosures rather than simply reducing the quantity of them, according to a new report from the CFA Institute, which takes aim at some recently proposed disclosure reforms that seek to cut down disclosure overload.

Foreign stocks generally pay higher dividends and offer great sector diversity for investors hunting yields, says Philip Camporeale of J.P. Morgan Asset Management. But beware the tax hit.

Bloomberg -- UBS AG, Switzerland’s largest bank, agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank’s 2008 collapse.

Many wealthy business owners are increasingly confident about their finances despite the slow economic recovery. According to the latest survey from Northern Trust, half of high-net-worth business owners are feeling better off in their personal financial situation than five years ago. The number that are confident they will achieve their personal financial goals reaches 69%.

UBS AG, Switzerland’s largest bank, agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank’s 2008 collapse.