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A year after they teamed up with the goal of building a $1 billion firm, the two best-selling authors split; "That is how life goes sometimes," Edelman says.

The broker earned $57,000 in commissions off two clients and faces a dozen judgments and liens against him totaling more than $150,000, according to regulators.

In a world dominated by institutional investors, hedge funds and service industries, sentiment is as likely to drive prices as anything else, says former Salomon Brothers analyst Laszlo Birinyi.

A team managing over $200 million is the second move this month between the two wirehouses.

Creating a high-end brand from scratch is a daunting prospect, says Jeff Spears, chief executive of Sanctuary Wealth Services.

Guidance for advisers helping clients boost income during retirement.

How one son's distribution mistakes when inheriting his late father's IRA can be avoided; Plus, the IRS and U.S. Treasury say no more lump-sum offers and how one couple plans to retire at 33.

"We are reasonably confident that going into 2016 regulatory expenses will be down substantially," says LPL's acting chief financial officer Tom Lux.

After termites gorged on her home, advisor Carolyn McClanahan found that the challenge of rebuilding taxed her practice and her finances.

Wells Fargo adds three recruits, including one from Morgan Stanley, to grow its independent channel.

David Kuipers, named president and CEO of Associated Investment Services, replaces Bill Curtis, who retired in July.

Some baby boomers are carrying too much risk in their retirement portfolios due to the stock market’s rapid rise over the past five years.

Congress has effectively overruled the Supreme Court by extending the time period for auditing certain types of tax returns.

Former wirehouse advisor Paul Tanner has struck out on his own with help from TruClarity, a new platform that helps breakaway advisors go independent.

Investors pulled $2.5 billion from Pimco's flagship fund in July, the 27th consecutive month of outflows from what used to be the world’s largest mutual fund.

Aberdeen Asset Management agreed to buy Arden Asset Management to expand its hedge-fund business.

The Republican presidential contender says the retirement age should slowly be raised by two years to address Social Security's financial woes; Plus, 7 demands retirees should place on their money.

An arbitration panel ordered the wirehouse to pay two former clients $250,000, a mere 10% of what they originally sought, in a case involving the sale of funds of Puerto Rican municipal bonds.

Jorge Daniel Usandivaras claimed to have been fired for blowing the whistle on what he saw as improper transactions.

A former Wells Fargo FiNet affiliate has signed on with Raymond James' independent broker-dealer.