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Barack and Michelle Obama need a better financial strategy. Financial Planning has several suggestions.

The Wilmington Multi-Manager International Fund (GVIEX) has one less sub-advisor as of April 24.

401(k) plan participants paid less in mutual fund fees than the average investor industry last year, according to the Investment Company Institute’s latest report on the retirement space.

For the first time in the fast-growing company’s history, LPL has posted nearly $1 billion dollars in net quarterly revenue.

Financial services firms and advisors are relying on new technology and enhanced training to to take a more holistic financial planning approach with clients.

“We got drunk with the performance of the bull market,” Thiel told the audience of wealth management professionals at the SIFMA Private Client conference on Thursday. “But the world changed and our dialogue, our approach, didn’t. It needs to. We need to talk about what our clients goals, concerns and priorities are and map absolute performance to that objective.”

Schawb’s CEO Walt Bettinger sent clients a letter apologizing for the inconvenience caused by the company’s website outage Tuesday.

Invesco shareholders have approved the reorganization of three Invesco funds.

Revenue from insurance commissions generated $26.6 million for the Tupelo, Miss.-based financial holding company, up 15.1% from the same quarter a year ago.

Morgan Stanley has hired three advisors from Deutsche Bank, Merrill Lynch, and Wells Fargo who combined for more than $3.2 million in production.