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It's a summer of uncertainty, with affluent optimism gyrating based on the latest economic news. It also contributes to a fundamental irony: these days, affluent investors simply don't feel affluent.

Banks increasingly use a rolling-average model when setting compensation levels-factors beyond production also considered.

Chicago-based Thomas White Funds has launched three new classes of shares for two of its no-load, foreign equity funds—its flagship Thomas White International Fund (TWWDX) and the Thomas White Emerging Markets Fund (TWEMX).

The Los Angeles-based RIA has hired new managing directors for client and business development.

Despite improved efficiencies and reduced costs, the increased complexity of service provider arrangements has made it more difficult for plan sponsors and ERISA fiduciaries to understand how and how much compensation should be paid to service providers.

The last century ended with a dot-com boom, followed by a real estate boom with each ending in a bust. Could bonds face a similar fate?

In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.

After more than a year of battling it out in Washington, D.C., and around the country, SEC Chairman Mary Schapiro called off her proposed second round of reform for money market mutual funds.

As investing in alternatives such as real estate, private equity funds, hedge fund strategies and commodities grow in popularity, the way these are being used by institutions and investment advisors is changing.

The branchless bank is combining retail banking, retirement and insurance services in its online banking site.