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OppenheimerFunds today officially closed the book on its acquisition of SteelPath Capital Management and SteelPath Fund Advisors.

Gemini Fund Services has announced that its Two Roads Shared Trust, which launched in April, will soon include alternative mutual funds from Alternative Road Investment Advisers, Belvedere Asset Management, and LJM Funds Management.

Morgan Stanley Wealth Management has added eight financial advisors from rival firms Merrill Lynch and Barclays.

“[A] segment of wealth managers appear to live in denial, clinging to investment methodologies that have patently failed twice over the past decade and are likely to fall short again,” the authors of a white paper accompanying the survey results wrote.

With yields low and the uncertainty of retirement looming in the minds of Baby Boomers and current retirees, maximizing social security benefits become ever-more important. Unfortunately not all retirees are doing that.

The new platform will allow advisors to spend less time managing regulatory and compliance issues, and more time growing their businesses.

Industry wide, however, annuity sales dropped slightly in the third quarter, according to a report by Morningstar and Beacon.

House Minority Leader Nancy Pelosi, D-Calif., said she would try to use a procedure known as a discharge petition to bring a Senate-passed bill for extending the middle-class tax cuts to the floor of the House.

CFOs in the U.S. remain uncertain about the future of the economy and their own businesses, according to a new survey.

House Republicans, rejecting President Obama’s demand for higher tax rates, countered with a $2.2 trillion deficit-cutting plan that would trim Medicare and Social Security and cap tax deductions for top earners.