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Morgan Keegan employees were required to make a home office visit after their firm was acquired by Raymond James.

UBS’ latest hires come after Morgan Stanley hired several UBS advisors earlier this month.

BlackRock is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.

Recruiting and hiring experienced, client-facing advisors with ultra high-net-worth experience is extremely difficult right now, with demand high and supply low, say a number of executive search specialists.

The Internal Revenue Service is reminding tax professionals that they must implement safeguards to protect taxpayer data.

Federal regulators would “like to codify exemptive relief” from provisions of the Investment Company Act of 1940, so they can focus on more innovative fund applications.

A managing director of Charles Schwab Investment Management said the money market mutual fund industry has ‘nothing to hide’ about the value of its assets. Floating the stated value of each share of a fund, however, would result in “a lot of imposed inconvenience.’’

U.S. Bancorp has agreed to purchase Deutsche Bank's municipal bond trustee business, which has about $57 billion of assets under administration and 1,100 trust and agency contracts.

Almost half of American workers and 36% of retirees lack confidence that they will have enough money for a comfortable retirement—but few are turning to advisors for help.

PALM DESERT, Calif. -- Norm Champ, director of the Securities and Exchange Commission’s Division of Investment Management, today took the first steps in meeting and speaking to members of the Investment Company Institute.