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The firm failed to detect one of its registered representatives converting $370,000 in client funds for the rep's own use, according to the regulator.

Young upstarts have to take a long, hard look at their business models and make key investments as the market cools off.

The S&P 500 Index's 2.5% selloff left 52% of its members at a 20-day low.

BlackRock is joining firms including Paulson, Manikay Partners and Arrowgrass Capital Partners that have recently raised dedicated merger funds.

The boutique firm focuses on ultrahigh-net-worth entrepreneurs worldwide.

Alexander Assaf will oversee financial advisers and their teams for the credit union's Addison Avenue Investment Services division throughout Idaho, Oregon and Washington.

Retirees who opt to manage their investments are advised to streamline their portfolio maintenance into a process that they can roll out toward the year's end.

The recruit also previously worked for Morgan Stanley, Merrill Lynch and RBC.

See which independent broker-dealers are managing the biggest asset base for client accounts.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

After a stormy tenure at the bank, the former Colony and Banyan head goes back to the acquisitions arena.

In the face of political uncertainty, planners are clinging to cash and reallocating client assets to short-term investments.

The firm named Douglas Rubenstein as its new chief operating officer.

Should advisers opt for better platform options or losing back-office and administrative tasks?

Should advisers opt for better platform options or losing back-office and administrative tasks?

The lender eliminated production goals in effort to reassure regulators, lawmakers and customers after employees opened more than 2 million accounts without clients’ approval.

The bank can adapt to adjustments needed to deal with claims it opened 2 million customer accounts without authorization, according to CFO John Shrewsberry.

From hiring sprees to accelerating software launches, companies are gearing up for the significant expenses and changes wrought by the new regulation.

Even in the meltdown, investors continued to show aversion to the defensive industries that led the market in the first half, with utilities, phone companies and REITs bearing the worst of the losses.

Many fear that they will feel alienated and irrelevant after they retire, become a burden to their families, or their surviving spouse will go on retirement alone.