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With new cost-basis reporting requirements in effect for the 2011 tax year, Charles Schwab is warning investment advisors to brace for a hectic tax season and prepare for a flood of questions from clients who for the first time will receive a revised 1099-B form packed with new transaction information.

iPhone 4S sales are off the charts, even with its battery issues. iPad sales are similar. Android now is the most popular operating system for mobile phones. So why aren’t more financial services firms encouraging employees to bring their own devices to work?

The Financial Services Authority has for the first time ever barred a compliance officer from working in the financial services industry.

Plus, moves that mattered the week ending Nov. 23, 2011, at Raymond James, Omgeo and elsewhere.

Morgan Stanley Smith Barney has hired nine financial advisors from Bank of America Merrill Lynch, LPL Financial and RBC Capital Markets.

Retirement plan advisers’ top five concerns include new disclosure rules, market volatility, finding greater flexibility and customization in plans, measuring a given plan’s success and an expected redefinition of fiduciary status. Those are the results from a national listening tour conducted by Transamerica Retirement Services.

Floyd Gilbert Bickel joins Wells Fargo’s Frontenac, Mo., office.

Investors' continuing obsession with purchasing Treasury bonds is a sign of 'irrational exuberance,' says the chairman of investment manager T. Rowe Price when 10-year yields are under 2.0%.

Christine Cisco and Patrick Signor join RBC Wealth Management’s Watertown, N.Y., office.

Raymond James announced several new appointments in both information technology and operations in what the firm said was a sign of the firm’s “commitment to support its advisors” with leading technology and service.