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After trading accusations in an arbitration dispute, Bank of America Merrill Lynch has been ordered to pay one of its former financial advisers $1.55 million in compensatory damages and expunge his Form U5.

For some investors it might seem a bit too little and far too late, but executives at some of the country's largest wealth management firms say they're now in the process of overhauling their client relationship management teams and tactics to better serve, appreciate and understand investors and their needs.

Registered Fund Services and UMB Fund Services have jointly developed a turnkey registered hedge fund program.

Moody’s has launched a mobile-optimized version of Moodys.com that allows market participants to see Moody’s credit ratings and research on smartphones and other mobile devices.

While recent legislation has sparked debate about suitability versus fiduciary standards, a majority of investors do not understand the difference between the two, a survey by J.D. Power and Associates found.

John Hancock Retirement Plan Services has introduced a second generation of its PRIME Elements iPad application for retirement plan advisers and consultants.

Financial advisors Charles C. Stoner and Eileen Stoner are among the new team members joining UBS in Charlotte, N.C.

A new annual study from J.D. Power and Associates shows that RBC Wealth Management ranks first compared to other firms in investor satisfaction.

Eaton Vance Management has launched the Eaton Vance Municipal Opportunities Fund, a fund that employs an opportunistic approach to investing in municipal obligations, with the aim of maximizing after-tax total return.

Advisers and millionaires are not on the same page, Fidelity Investments said, citing its comparison of the findings of its Fidelity Millionaire Outlook, based on a survey of 1,000 millionaire households, and the Fidelity Broker and Advisor Sentiment Index, the result of a survey of 1,046 financial professionals.