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TowneBank bought a minority stake in a security firm to help protect its commercial customers and boost revenue.

As a good bank in a hard-hit state, Gulfstream Bancshares focused on getting in the best shape to be above reproach to potential buyers. The strategy worked, and its agreement to sell itself to CenterState could embolden others.

Twitter, Facebook, and LinkedIn conversations don't come easily to banks. Here's a look at a few common missteps made in financial services.

Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.

Morgan Stanley and Co. has agreed to pay $100,000 to the New Jersey Bureau of Securities. This came after Bureau investigators found the company was in violation of state securities laws and regulations in its sale of non-traditional exchange-traded funds to investors.

Schwab is shaking up its ETF lineup. The company announced Thursday that on Aug. 15, Schwab Investment Management would be launching six new ETFs, weighted by fundamental factors instead of traditional market capitalization.

While the use of ETFs continues to surge, their low expense ratios appear to be most prized by multi-millionaires. Spectrem Group, a Chicago-based consulting and research firm, just reported that 28% of investors own ETFs, but 47% of UHNW investors hold them. Those ultra-affluent investors, according to Spectrem, are worth $5 million to $25 million, not counting their main home.

Private Advisor Group, the largest branch of LPL Financial, has hired Abby Salameh as part of the unit’s senior executive team as it expands its advisory services.

While the use of ETFs continues to surge, their low expense ratios appear to be most prized by multi-millionaires, according to a study by Spectrem Group.

Private Advisor Group, the largest branch of LPL Financial, has hired Abby Salameh as part of the unit’s senior executive team as it expands its advisory services.