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A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial advisor was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.

The aggregator's latest addition adds 23 people and, it says, $2 billion in AUM. "It's a sign of strength," says Alois Pirker of Aite Group.

A wealth manager, with $65 million in client assets before he left the regional broker-dealer, joined an independent firm affiliated with SagePoint Financial.

The industry has largely moved to a team model, but some advisors may finish out their careers as 'bachelors,' says John Taft, CEO of RBC's U.S. wealth management division.

Bradley Birkenfeld, the former UBS Group banker who won a $104 million whistle-blower award after serving time in prison for tax conspiracy, won a U.S. judge’s permission to testify in France in a separate probe of the Swiss bank.

The board left his salary unchanged at $1.5 million and he received no cash bonus, a person with knowledge of the decisions said.

For investors worried about how stocks will react to rising interest rates, last week’s trading may provide some guidance.

Mutual funds that buy loans saw $4 billion yanked last month, bringing total outflows for the 12 months ended Jan. 31 $28.7 billion, according to Morningstar data. That’s the biggest withdrawal for any U.S. debt asset class in the period.

Charles Schwab and New York agreed to settle a 2009 lawsuit in which the state accused the firm of promoting auction-rate securities as safe while failing to disclose the risks before the market for them froze.

Two former UBS advisors with over $120 million in client assets have signed on with Aegis Capital Group, an independent broker-dealer and RIA.

The Obama administration is expected to endorse more stringent fiduciary rules requiring brokers to have their clients' best interest in mind when recommending retirement-account investments; Plus, the retirement investment mistake clients don't know they're making.

Many advisors are failing to communicate the best strategies to clients. Here are some common trouble spots you should steer clear of.

Regional broker-dealer Wunderlich Securities recruited two wirehouse advisors.

This tax season is particularly bitter for gays and lesbians who live in states that still don't recognize same-sex marriage.

A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.

Branch closings draw big headlines, but several large banks are entering new markets — or bulking up in underrepresented cities — by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.

Investigators at the Department of Justice are examining whether UBS traders shortchanged investors by overcharging them when they carried out certain currency trades.

Industry leaders at NICSA's strategic leadership forum in Hollywood, Fla., reached quick consensus on the twin challenges at the top of every organization's strategic priority list: managing cybersecurity threats and responding to increased regulatory demands.

"The bad guys are out there all the time looking for vulnerability," a cybersecurity and business continuity consultant told advisors at the T3 conference last week.

Municipal bond sales in the U.S. are set to decrease in the next month while the amount of redemptions and maturing debt falls.