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Morgan Stanley Smith Barney has hired seven new financial advisors in New York, New Jersey and Ohio with more than $1.17 billion in client assets under management.

Investors and financial executives are increasingly feeling overloaded by the volume and complexity of financial disclosure information in annual reports and other financial filings, according to a new study.

UBS Financial Services Inc. was fined $300,000 by FINRA for failing to supervise and prevent excessive cross-trading of municipal securities between the customer accounts of one broker for a two-year period.

In an attempt to expand its presence in the reinsurance market to better serve the Southeast, Towers Watson has announced it’s establishing a brokerage operation in the Burlington-Greensboro, N.C., area.

Bank of New York Mellon said it would cut $650 million in costs over the next three years and be prepared to settle disputes involving its fees for foreign exchange transactions.

Life insurers will be challenged on many fronts by persist low interest rates, a new report from A.M. Best finds.

More than a third of high-net-worth individuals don't have confidence in their beneficiaries to handle their inheritance responsibly, according to a new study by Barclays Wealth.

Banks may be on shaky ground, but 43% of Americans see them as a trusted source for retirement advice, according to a survey by Hearts & Wallets. This is an increase from 41% a year ago.

Eight in 10 advisors who sell annuities report that they are having more client discussions about retirement income planning than they did five years ago. And nearly two-thirds of advisors currently selling annuities indicate that guaranteed income options are expected to increase in importance over the next five years -- more so than any other factor.

HSBC Jintrust Fund Management has launched an on-shore RMB money market fund in China, raising RMB1.16 billion, or US$178 million, in its initial public offering, ended Oct. 28.