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Looks like Vanguard isn't the only company into mass hirings.

This year, Duran said the company plans to aggressively expand its business model, and its brand -- aiming to look more like Starbucks and less like rivals HighTower and Dynasty Financial.

Pyxis Capital is ramping up its sales force with the addition of four wholesalers to cover Texas, Illinois, California and the Northeast.

Cole Wilcox, chief executive officer and chief investment officer of Longboard Asset Management, has some lofty goals for the alternative mutual fund shop this year.

Morgan Stanley financial advisor Brad DeHond, number 25 on the Top 40 Under 40 list, says that successfully serving ultra high net worth clients requires a different approach.

A new generation of business students will soon be trained in investment and wealth management skills at a new Charles Schwab Trading and Technology Lab at the University of California at Irvine. The lab wilkl be the cornerstone of a new 78,000-square-foot building to be built within the University's Paul Merage School of Business.

Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said quarterly profit almost tripled as gains in the value of the firm’s own investments contributed to the first year of revenue growth since 2009.

Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

The Internal Revenue Service plans to introduce a simplified way for small business owners and home-based employees to claim the home office tax deduction.

A proposal to tighten regulation of foreign banks in the U.S. would also significantly expand the central bank's oversight of foreign broker-dealers, effectively snatching supervisory responsibility from the SEC.