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In the current issue of Bank Investment Consultant, contributor Michael White details some of the reasons that thousands of community banks have opted to not offer wealth management services to customers. White says these banks are making a mistake, and uses an analogy to outdated hi-fi audio systems to illustrate their backward thinking. He even offers his analysis in the form of an acronym: HI-FI.

The Securities and Exchange Commission has named Julie Riewe and Marshall Sprung as co-chiefs of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment companies, and private funds.

Timothy Throckmorton will oversee and help grow the personal trust and estate administration business.

While most see HSBC’s decision to change advisor compensation to salary and bonus as risky, some see merit in the move.

The $2.1 trillion global exchange-traded fund industry has been growing at a rapid clip since the SPDR S&P 500 ETF was launched two decades ago as a means for institutional investors to access passive exposure to the S&P 500 Index.

Eighty percent of investors under the age of 40 don’t feel like they are getting adequate financial advice from their advisors, according to new findings from Cerulli Associates, leaving the doors wide open for asset managers and retirement plan recordkeepers to fill the advice gap.

Non-traditional investment allocations in defined contribution plans, while commonplace in defined benefit pension portfolios, are a rare sight in today's retirement plan lineup.

Should financial advisors leave their smaller accounts behind when they switch firms?

Facebook ad campaigns offer users a lot of data, but what you do with that data is up to you. Dave Grant said he learned some important things from his first experience using Facebook ads and that gave him some ideas about what to change going forward.

Wedbush picked up a legacy Morgan Keegan advisor in Texas.