Organization Root Tag

2 advisor teams, Foran Financial Group and Sweatt & Walters, leave for Raymond James Financial Services.

Fidelity Investments is telling investors and advisors that clients' data appears not to have been captured by the hackers who infiltrated the systems of JPMorgan Chase earlier this year. And while clients aren't yet worried, advisors say, such threats are unlikely to go away.

The SEC has yet to produce or even propose any binding rules regarding cybersecurity, but officials have been sending strong signals that they expect firms of all sizes to put in place policies and procedures to protect sensitive information.

Nearly 2,000 advisors, exhibitors, and asset management industry leaders headed to Chicago for Morningstar's annual investment conference June 18-20. Here, attendees reveal the top takeaways for advisors.

LPL Financial wants its advisors to know that it has heard their complaints and is doing something about them.

BlackRock Inc., the world’s biggest money manager, said second-quarter profit climbed 32% as rising stock markets boosted fees.

Scottrade emerged as the top-rated firm in J.D. Power & Associates 2013 U.S. Self-Directed Investor Satisfaction Study, but overall investor satisfaction with self-directed firms declined from last year.

But large banks have narrowed the gap as they have made a more concerted effort to better explain their fee structures to disgruntled customers.

“As investor confidence grows and perceptions of wealth management firms improves, so do advisor perceptions of their firm, particularly among independent advisors,” the J.D. Power study reported.

If approved by stockholders in LPL’s annual meeting in May, Mulcahy will also serve on the Board’s Audit Committee.

BlackRock Inc. hired Gary Shedlin as chief financial officer to replace Ann Marie Petach, who will move to a client-oriented role within the firm.

Investors have been flocking to alternative mutual funds and ETFs - and are being punished for it.

BlackRock Inc., the world’s largest exchange-traded fund provider, has an “edge” over State Street Corp. in buying Credit Suisse Group AG’s ETF business, according to Citigroup Inc. analysts.

Raymond James managed to straddle both the RIA and employee channels, placing second in both.

Raymond James manages to straddle both the independent and employee channels and places second in both.

Following an extensive review, the insurer will discontinue new LTCI enrollments in 2011.

Ameriprise eliminates redundancies in mutual fund coverage following its acquisition of Columbia and subsequent merger with it RiverSource investment unit.