Practice

While some financial advisors can be intentionally vague when detailing embedded risks to clients, others do not fully understand the risks themselves, says the author of a new book that looks at the "incestuous" relationship between Wall Street, Washington and regulatory agencies.

Mass-affluent investors in their 40s with $100,000 to $500,000 in investable assets constitute an especially promising target group for bank advisors even with direct providers nipping at their heels.

After last month's Retirement Advisor Confidence Index suggested advisors were keeping allocations steady despite an increase in client risk tolerance, a Twitter user responded.

Seeing people come up short with the money needed for a retirement home was sad for one administrative assistant. In her new career she helps such people and produces more than $1 million a year doing it.

Steven Cohen, who agreed to close down his SAC Capital Advisors as part of a settlement with the U.S. government, will rename the firm and add a layer of management to oversee traders as the hedge fund becomes a family office, said a person familiar with the firm.

This year, small banks are likely to face more scrutiny in terms of consumer products, anti-money laundering measures and compliance management, industry experts say.

Advisors who want to hire millennials need to extend a hand, says one workplace consultant.

Revenue growth, profit margins, revenue per professional and AUM per client all were greater among advisors using a team approach, according to new research.

Eric Clarke has spent more than 20 years working at his family's firms. He wouldn't have it any other way.

New websites offer a higher yield alternative for the fixed-income segment of a portfolio.