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More than eight in 10 American millionaires believe that each generation should be responsible for creating its own wealth, up from 65% who said the same thing in 2007 when the survey was last conducted.

Thomas Kane, a UBS financial advisor who ranks number 29 on our list, has turned to hedge funds, private equity and real estate to bolster his clients’ portfolios.

As the wealth management industry continues to evolve, financial advisors have a broader range of choices than ever before in determining the structure and growth trajectory of their own practices. Competition for successful advisors with strong books of business among the wirehouses remains fierce, while opportunities for ownership in that world remain elusive.

One day after Goldman announced that it was publishing daily “shadow values” of its money funds, J.P. Morgan Funds and BlackRock are also planning to publish net asset values for their own money funds.

The Vanguard Group today is following through with its plans to switch six international stock index funds to FTSE benchmarks by transitioning its Vanguard Emerging Markets Stock Index Fund, which previously tracked the MSCI Emerging Markets Index, to the FTSE Emerging Transition Index, effective immediately.

What better way to celebrate stunning growth in assets under management than with another new fund?

BlackRock Inc., the world’s largest asset manager, agreed to buy an exchange-traded funds unit from Credit Suisse Group AG to boost its presence in Switzerland.

Goldman Sachs Asset Management is currently prepping a master limited partnership fund to launch within the next few months

Scott Cooley, chief financial officer at Morningstar will resign from his post this year but the company expects him to remain in his role until it names a replacement.

Fresh from year-end tax planning meetings with clients, it is time to identify four areas where great tax planning and great financial planning collide, specifically for people accumulating wealth.