Organization Root Tag

Also, J.P. Morgan saw a team managing $300 million in client assets go independent.

Three industry veterans – one with more than four decades of experience – oversaw more than $205 million in client assets, according to Raymond James.

"I expect a seismic change as product manufacturers will have to adapt to the new rule," says NextCapital's Rob Forreger.

The wirehouse's latest hires will support client development and strengthen product delivery, according to Morgan Stanley.

Industry insiders say wealth management is going through its biggest upheaval in decades.

The broker allegedly talked clients into investing $115,000 in a technology startup where his friend worked as a computer programmer.

Personal Capital CEO Bill Harris argues financial institutions are more focused on product offerings than clients.

"It was terribly important to us that we were participating and supporting a partnership with a firm that is innovating and has strong backing," said Richard Steinmeier, head of the Wealth Advice Center at UBS.

The year-old automated advice service is revealing some new ways advisers use robos — and it's quelling some big fears.

Former Edward Jones advisor says he left for the freedom to own and market his own eponymous firm as he wishes.

Clients holding municipal bonds are in a good position to wait it out, after policy makers left the target interest rate unchanged and signaled increases will be gradual, strategists said.

One adviser at the Morningstar conference finds retirement assumptions being reconsidered.

Edmond Walters is seen as bringing deep fintech expertise to rebranded company.

Missed compounding opportunities, steep taxes and penalties and the possibility of forced early retirement, that's why.

Bill McNabb declined to speculate how low fees may go at his firm, which has the majority of its assets in passive funds.

In contentious Senate testimony, White fended off accusations that the regulatory body has dragged its feet. Again, she did not offer a timeline for implementing a fiduciary rule from the SEC.

The new recruits are opening a new office for the independent firm.

The branch is staffed by 22 advisers, most of whom are recent recruits from Credit Suisse.

Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing.

Women tend to outlive their spouses. At the same time, they are undersaving and underearning. How can advisers help?