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The advisor allegedly used client money to buy a $3.35 million beach resort being developed by a relative.

Matrix Financial Solutions has expanded the functionality of TrueOpen, its core mutual fund trading platform, to address growing demands from retirement plan providers and advisors.

The odds of being single at some point during retirement are high and present unique challenges for both “ever single” retirees who never married and for those who become “suddenly single” in retirement due to divorce or death of a spouse. In fact, 43 percent of Americans age 65 and older are single due to divorce, having never married, or the death of a partner.

Seoul, Korea-based Mirae Asset Global Investments today unveiled its Global Dynamic Bond Fund, which will bet on sovereign, quasi-sovereign and corporate bonds from issuers in both emerging and developed markets, for U.S. investors.

The new process will be partially electronic, the proposal suggests, to eliminate current deficiencies and delays.

More and more often, RIAs are outsourcing certain functions so they can spend more time with clients and stay competitive, according to the firm.

Steve Sanduski, The Prosperous Advisor, offers up five suggestions for financial advisors who have successfully grown their business for years but now find themselves stuck and unable to achieve the level of success they truly desire.

With investors around the globe still nervous about the potential for more stock market volatility ahead, BlackRock chief equity strategist Bob Doll notes that it’s necessary to think globally to understand where markets are headed.

AXA Equitable has hired Amy Radin to the new position of senior executive vice president and chief marketing officer.

Wasatch Funds has launched what it touts as “one of the few no-load open-end mutual funds focused exclusively on frontier and smaller emerging market countries,” including Africa and Southeast Asia.