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A new study released by LIMRA and the LIFE Foundation on Wednesday found that Americans, especially those who are younger, prefer to buy life insurance via the Internet, mail or by phone.

In what may be a sign of a tightening of regulation of social media use by investment advisors, the Securities Division of the Massachusetts Secretary of State’s Office is issuing new guidelines and best practices standards that will go into effect next year.

Richard Frick joined Morgan Stanley Smith Barney as Philadelphia complex manager last week replacing Frank LaRosa, who was terminated in May.

First Republic Bank this week named Dale Smith as the new managing director of the private bank and wealth management firm's San Diego office.

Securities America, the nation's seventh-largest independent broker-dealer according to Financial Planning's 2011 revenue rankings, continues to lose reps at rapid clip as they and the rest of the industry await the unit's eventual sale.

There are two gigantic economic crises weighing heavily on the minds of investors and government leaders right now: the raising of the debt ceiling and the risk to the country’s venerable AAA sovereign debt rating.

As Europe stemmed fears of contagion from Greece’s default by arranging voluntary rollovers of private bonds and the United States hammers out a deal over its debt ceiling, stocks tentatively moved up in Tuesday trading.

A combination of factors, from falling gas prices to ample corporate cash, could goose the economy’s growth this year, even if most predictions are far more tepid, said Bob Froehlich, executive vice president and chief investment strategist for wealth management at The Hartford.

On Wednesday, LPL Investment Holdings Inc., parent of independent U.S. broker-dealer LPL Financial, reported a jump in second-quarter earnings as advisors continued to grow assets despite the challenging stock market and economic environment.

While many asset managers continue to fail to connect meaningfully with registered investment advisors, many are turning to such digital media as micro websites, social media and mobile applications, according to a new report from Financial Research Corp., “Winning Strategies for Marketing and Distributing to the RIA.”