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Wealth management is “significantly behind” other industries in adopting emerging mobile technology to interact with clients, according to Darrin Courtney, research director for Boston-based CEB TowerGroup. How can advisors change this trend?

Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.

Instead of comparing clients to a benchmark, investors want their advisors to assess performance based on specific goals, according to Catherine McBreen, president of the Millionaire Corner – a research organization focused on understanding investor decision-making.

Private banking, trust and brokerage units have each enjoyed periods when they were the big guys on campus. But now no one group is more important than the other.

Highland Capital Management has hired six regional sales directors in the Pacific Northwest, Florida, North Texas, Long Island, the Midwest and Southeast, and expanded its sales team at its home office in Dallas.

With a new branch manager, the St. Petersburg, Fla.-based firm forays into an increasingly competitive Seattle market.

M.D. Sass is looking to build out its fledgling mutual fund family with the launch of the M.D. Sass Equity Income Plus Fund (MDEIX, MDEPX), which bets on a diversified portfolio of dividend paying common stocks.

Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.

Blackstone Group, the world’s biggest manager of alternative assets, is starting a mutual fund that will invest in hedge funds, part of an industrywide push to attract assets from individual investors.

Citi has been appointed by Mirae Asset Global Investments to provide fund administration, custody and index receipt services for a new exchange-traded fund platform in the U.S. under the Horizons brand.