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CLS Investments has appointment of Brian Clark as a wholesaler, covering Southern California, parts of Nevada, and all of Utah.

Bank of America agreed to pay $62.5 million to resolve investor claims that the bank’s directors mishandled the acquisition of Merrill Lynch & Co., company officials said.

Vanguard has dismissed one of the advisors on its $6.8 billion Vanguard International Value Fund (ticker: VTRIX).

Paul Lofties, who has been promoted to senior vice president of wealth management at Securities America, said that reaching wealthy investors has been a challenge for independent broker-dealers because “traditionally, high-net-worth individuals have done more investing with wirehouses” but he has a strategy for success.

UBS financial advisor Eric Bickler, who ranks number 27 on On Wall Street’s list, has built a successful practice serving current and former corporate executives.

The current economic recovery, while slow, is on track. Fiscal cliff fears have been grossly exaggerated, to the detriment of investors and planners. And sometimes there’s an upside to a modest recession.

Some $152 billion left the equity markets last year. About $90 billion went into bonds and bond funds. That means $60 billion appears to have left financial markets altogether—that’s a lot of potential for bank advisors .

Boston-based Lee Munder Capital Group is currently prepping an alternative mutual fund to launch in April.

Though many advisors say that they want to boost client satisfaction, most don’t know how to make it happen. By taking the right steps to keep your clients highly satisfied, you will be able to position your practice for stronger growth.

CEO Michael Corbat's 13 reshuffled direct reports are all men — an extreme example of the gender gap that exposes banks to reputational and operational risks and charges of being out of touch.