Subject Root Tag

James Simons, who founded Renaissance Technologies, hired Ashvin Chhabra to run his family office, leading to a shift in executive roles at Bank of America Merrill Lynch.

The advisor agreed to a lifetime bar from the industry after a hacker who impersonated a client persuaded him to illegally transfer $160,000 of client funds.

Holding special events and activities for clients can strengthen relationships with wealthy individuals in your business, as long as advisors keep within compliance.

For either the best fund or the worst, how you couch the year's performance to date is key, industry communications experts say.

Radius Bank's partnership with online investment firm Aspiration highlights a nascent trend among small banks in the race to win millennial customers: partnering with fintech firms rather than opening branches.

The Obama administration on Tuesday finalized new regulations designed to crack down on high-cost loans to members of the military.

Apollo Global Management is teaming up with Ivy Investment Management to offer two new mutual funds.

Advisors must understand the impact different drivers have on your firm's valuation.

In separate lists, these are the five biggest consumer funds as well as the best-performing funds over the past year.

Client should plan the activities that will keep them busy, as well as nurture their social lives by making new friends; Plus, Canadian citizens may qualify for Social Security, although with caveats attached.

For some seniors, reducing adjusted gross income generates an extra tax break.

An online platform designed to inform advisors about millennials is one of several approaches by fund providers to help better understand the new generation of investors as well as protect their offerings.

The SEC, not the Department of Labor, should "be driving this train," says SIFMA CEO Ken Bentsen.

Innovation labs are all the rage in the banking industry right now, but a debate has broken out about whether they will amount to more than window dressing.

With more than $23 trillion in high-net-worth investor assets still held outside of the industry, advisors still have "a huge opportunity," says Jonathan Beatty of Schwab Advisor Services.

There are several approaches by fund providers to better understand the millennial generation of investors and protect the viability of their offerings.

A wealth manager with 39 years in the industry leaves the brokerage to join Noyes, a century-old wealth management firm and investment bank.

Mutual fund performance is similar to the performance of stocks, a Wharton professor contends. As a company matures and grows, more investors become aware of it, and its share price better reflects its prospects.

An SEC compliance official says it's not a good idea for firms to "go in and very narrowly answer the questions, [not] volunteer anything, particularly if you're not trying to keep something from our attention."

Banking products and lending services helped boost the firm's bottom line even as advisor headcount continued to fall.