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Merrill Lynch has snapped up 10 financial advisors from rival wirehouse firms who managed a total of $1.07 billion in assets and had $7.7 million in fees and commissions.

While most companies seem hesitant to spend their cash, at least one company is eager to take advantage of sluggish market activity to grow.

Many advisory firms are suffering capacity constraints at a time where macro forces, like Boomer retirement, are driving growth their way. Advisors can take advantage of this growth curve by implementing the “Starbucks Experience," which will allow them to scale businesses for growth and provide a better client service experience.

Mark A. Ritter will lead the growth and development of Susquehanna Trust and Investment Company.

These record levels are expected to continue through the end of the year as individuals and their advisors seek to meet charitable giving priorities while also navigating the uncertain outlook for taxes given the expiration of the Bush-era tax cuts at year’s end, according to Schwab.

Exchange-traded funds hit a speed bump last month after coasting through much of the year in the black.

Strong networking is critical if advisors want to attract defined contribution plans, according to a white paper from Franklin Templeton.

As compliance costs rise, more banks are looking to get out of the investment advisory business, though some observer believe the trend could lead to more oversight of the actual vendor relationships.

Married millionaire women are more risk averse, more interested in holistic financial planning and they may be better candidates for financial advice than their male counterparts according to research released by Fidelity on Thursday.

“What we ... know is that there are a lot of advisors who think their entire value is wrapped around they’re delivering advice to clients and telling them how it’s going to work out,," Joe Duran, the CEO of United Capital said. "But the reality is that we don’t believe that’s the future."