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The Clearing House spent 10 months and $2 million to plan a simulation of a large bank failure — and the results are not only fascinating, they're exemplary.

Bill McNabb, chief executive officer of the Vanguard Group, has 130 billion reasons to smile this holiday season.

From veteran advisors battling to keep clients away from financial danger, to some of the top schools grooming the next generation of advisors, 2012 has been a year of both growth and opportunity for the financial advisory sector.

For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, their biggest weekly withdrawal this year.

One of the keys to attracting referrals is to be remarkable.

After a round of changes this year in the financial advice industry, some big players found themselves in diminished circumstances by year’s end. Here’s a look at some of the people, organizations and ideas that ended the year in a downturn.

With the financial advice industry going through a period of change, we took a look at the past year to see how the players shook out. Here’s a look at some of the people, organizations and ideas that ended the year in a sweeter position than they began it.

It has named two industry veterans to key positions within Ascent Private Capital Management, the bank’s wealth advisory business for ultra-high-net-worth clients.

AdvisorShares is currently prepping to launch an alternative income exchange-traded fund in early 2013.

Invesco PowerShares Capital Management today said it plans to close 13 ETFs, which represent less than 1% of Invesco PowerShares’ total assets.