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Even as a new video has brought negative attention to Mitt Romney's campaign, a new poll finds financial advisors still think he's the best pick to lead the country.

They represent a bigger opportunity than the Baby Boomer generation and they require new strategies from planners who want to reach them. But, for those planners who can adapt to the preferences and priorities of Generation Y, they could provide a lifetime of new clients.

As PenFed moves investment program back to former third-party marketer CFS, it sets sights on previous AUM mark of $250 million.

CFO4LIFE, a Coppell, Texax, financial planning firm with more than $450 million in assets, announced Thursday it is departing from LPL Financial to become an RIA.

In 2013, asset managers will face the challenges of volatile markets, ramped up regulations, increased need for capital preservation, and a general tendency towards risk aversion. Yet even in a globally compressed economy, there are pockets of underlying opportunities and under-served investors. From our friends at Ceruilli, here are trends for advisors (and their clients) to watch in 2013.

The Financial Planning Association and Peak Advisor Alliance, a financial advisor coaching and practice management company, announced on Wednesday a new partnership offering FPA members coaching, content and discounts on Peak services.

Abigail Johnson, the newly minted president of Fidelity Financial Services, the parent company of mutual fund giant Fidelity Investments, was notched at #27 in the recently published Forbes 400 List of the Richest People in America, leading all other members of the mutual fund world, including a member of her own family.

AllianceBernstein has hired two new executives for its alternative business, which the firm has targeted for expansion.

Bank of America may be preparing to slash about 6% of its work force by the end of this year as part of an ongoing series of streamlining measures.

UBS AG had a culture that overlooked trading limits and other rules "as long as you were making money," according to Kweku Adoboli's lawyers.