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Bank of America Merrill Lynch hired Morgan Stanley Smith Barney advisor David Massey for its Carlsbad, Calif. office. He placed eighth on On Wall Street's top 40 Advisors Under 40 last year.

Advisors have more to choose from when picking a model that best suits their practices.

Shane Selewach of Hyannis, Mass. has been sentenced to eight to 12 years in prison after he was convicted of stealing more than $330,000 from his clients.

Hold on to your hat. We may be headed for a double-dip recession. In fact, when more current economic data arrives a few months from now, it may turn out that we’re already in one, according to a pair of economists at Moody's Capital Markets Research Group.

A failure by politicians in Washington to reach a deal to raise the U.S. debt ceiling in the next few days -- particularly if Standard & Poor's makes good on its threat to lower the country's AAA sovereign debt rating -- could have “deep and wide reverberations” in credit and equities markets, according to Todd Rosenbluth, an analyst at S&P Equity Research. But bond funds might be unscathed.

Unit investment trusts have their pros and cons but lately investors have been seeing a decided upside in a dividend strategy portfolio.

A UBS Wealth Management Americas survey released on Friday reveals that investors may be more worried about the debt ceiling crisis than politicians are aware.

An overnight poll of 1,000 affluent Americans conducted Thursday evening by UBS Wealth Management Americas found that 40% are waiting out a resolution on the debt ceiling before putting any more money in the markets.

A six-month pilot program, launched this week in the New York City metropolitan area, will match financial advisors and entrepreneurs.

Commenting on Friday’s news from the U.S. Bureau of Economic Analysis that the economy grew an anemic 1.3% in the second quarter, The Conference Board said that from a business cycle perspective, there still aren’t signs that the economy has re-entered a recession. However, the business research organization does not expect GDP to grow more than 2% in the remaining half of the year.