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Last year, 36% of all participants in 401(k) retirement plans at Vanguard invested their plan assets in a professionally managed investment option, more than doubled from 17% at the end of 2007, according to the Valley Forge, Penn.-based firm.

UBS gave its force of about 7,000 U.S.-based advisors new compensation incentives to use financial plans with clients this year. The plan increases the pay their financial advisors receive when creating those plans, and has resulted in an uptick in their adoption so far this year

Buyer beware! The Financial Industry Regulatory Authority today issued an investor alert regarding the burgeoning alternative mutual fund asset class.

Morgan Stanley has turned to Wells Fargo and UBS for new advisor hires for the second time this month.

A $1 million producer has jumped from Morgan Stanley to Raymond James in Columbus, Ga.

The 12 largest bank broker dealers boosted their revenue by 8% to more than $1.5 billion in 2012, marking the fourth consecutive annual increase.

Despite challenges, wirehouses are still the most attractive distribution opportunity for product manufacturers, according to Boston-based global analytics firm Cerulli Associates.

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.

With the passing of Dodd-Frank, the SEC is paving the the way to adopt a uniform fiduciary standard for broker/dealers and investment advisors. Barry Glassman of Glassman Wealth says that there's no feasible way for brokers to uphold the same fiduciary standard to which RIA are held. He writes, "for them to come under the fiduciary standard as it currently exists, their businesses would have to split up into so many micro pieces that it would be disastrous for them." But the alternative, as it is being proposed, is for the very meaning of the fiduciary standard to change.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.