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Morgan Stanley Smith Barney has hired two financial advisors from UBS Financial Services in Garden City, N.Y.

Robert W. Baird & Co. has continued its hiring streak by adding seven new advisors in the western U.S., with plans to keep up its hiring pace into next year.

According to the survey, 70% of RIAs cited market volatility as the top concern among their clients, while 99% said it was among clients’ top three concerns. Only 6% of RIAs said wealth accumulation was a top client concern.

Chief Market Strategist Douglas Coté said record levels of earnings, an all-time record high of aggregate consumer spending, and booming production by companies like Caterpillar are reasons for optimism.

Asset management firms recorded average profitability of 28% through 2010 and the first half of 2011, according to a new McKinsey report.

When it comes to mutual fund wholesaling, social media is a young man's game. Sales and distribution today are still all about in-person connections.

Total inflows to long-term mutual funds were $836 million for the week ended Nov. 9, according to the Investment Company Institute.

When FINRA at the outset of 2010 issued its first set of guidelines on how to use social media (Notice 10-06), lots of questions ensued. Here's an interactive slideshow detailing what advisors, broker-dealers and financial services firms need to know to navigate FINRA's social media guidelines.

Tweets have now been turned into formatted streams of market data.

When Raymond James launched a new financial advisor development program in October, it was designed to turn professionals like firm employee Rachel McNeil into a financial advisor.