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With the addition of the new recruits, Faubourg Private Wealth Advisors now has seven former J.P. Morgan advisors.

The advisors managed a combined $278 million in client assets.

Carl Icahn criticized asset management firms such as BlackRock for selling ETFs that give an illusion of liquidity for “extremely illiquid, and extremely overpriced” securities such as high yield bonds.

Regulators say that as threats continue to mount, they are expecting more formal policies and procedures from the firms they examine.

Even as a first step for clients seeking information on advisors, BrokerCheck is under scrutiny by advocacy groups.

Second-quarter profits for the asset management group climbed 17% year-over-year to $62 million on $416 million in revenue.

The multi-strategy hedge-fund manager with about $7 billion in assets is seeking to raise $500 million for its first private equity fund.

The move represents HighTower's eighth transition this year and its 14th office on the West Coast.

Regulators have cracked down on LPL advisors in Massachusetts for using terms like "Retirement Specialist" and "Retirement Income Planning Specialist" -- while its planners use them elsewhere.

Two UBS advisors left the Swiss-owned wirehouse to rejoin Merrill Lynch.

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

How policy makers should address the growing state-run pension shortfall; plus, why the last check your client writes should bounce before they die and tips for clients to retire early without giving up what they love.

How planners can best advise clients wanting – or having – to work longer.

BlackRock, the world’s largest money manager, said second-quarter profit rose 1.4% as it attracted money into higher-fee products including active funds and exchange-traded funds.

Head of industry group lobbying against the Labor Department's proposal is hopeful that the final regulation will address compliance objections and expand permissible transactions.

Though the firm's revenue growth was tepid, the advisor ranks at the wirehouse expanded by 187 advisors, according to Bank of America which reported second quarter earnings for its wealth management unit.

Advisors failed to win FINRA arbitration case for compensatory damages in excess of $5 million for a number of grievances.

BlackRock, the world’s largest money manager, said second-quarter profit rose 1.4 % as it attracted money into higher-fee products including active funds and ETFs.

Actively managed ETFs are surging in Canada, expanding a market already dominated by iShares and posing a challenge to the mutual-fund industry that has among the highest management fees in the world.

Only 22% of affluent investors say they are familiar with what a robo advisor is, according to a new poll.