Regulation

Voices: Even independent advisors have some adjustments to make. Here are some of the most important, according to managing director of TD Ameritrade Institutional.

Expanded scope for litigation is a cause for concern among wealth management firms, experts say.

The rule could "very much professionalize an industry that very much needs it," says Robert Johnson, president of the planning school.

Advisors can get a helpful best-practices checklist, which may also help build client relationships, from the Institute for the Fiduciary Standard.

Voices: an advisor earning a high single-figure commission from a variable annuity product should become a thing of the past.

The decision could put the spotlight on firms like Citadel, Millennium Management, D.E. Shaw and Bridgewater, which oversee a combined $654 billion in assets, according to SEC filings.

Bonnie Baha, the global developed credit director at DoubleLine, discusses several challenges facing fixed income.

The broker was reprimanded for lying on a customer's behalf.

Michael Donnelly was sentenced for defrauding elderly clients of about $2 million, which he used to make car payments, pay his children's private school tuition and other expenses.

BlackRock made its $152 million deal for the Silicon Valley-based startup FutureAdvisor last August. Since then, its robo advice client roster has expanded.