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Many banks are trying to lure newly affluent Gen X and Gen Y clients with high-tech services, but they may have better luck with a more traditional approach, according to new research.

When issues arise, advisors should follow the steps doctors take to diagnose and treat the problem to create a healthy, vibrant business.

The fact that clients don’t always divulge all their personal financial information to their financial advisors comes as no surprise. The questions that need to be answered, however, are: how many clients, what is being withheld and why are they so secretive?

Practicing these simple techniques will help you overcome the negative thinking habits that cause the bulk of your stress.

The Securities and Exchange Commission today sanctioned a former portfolio manager at a Boulder, Colo.-based investment advisor for forging documents and misleading the firm’s chief compliance officer to conceal his failure to report personal trades.

BLOOMBERG -- The rate New York state and its local governments pay to the $160.4 billion pension fund will drop for the first time in five years, Comptroller Thomas DiNapoli said.

Banks and credit unions are seeing high single-digit growth from their programs. They want more and the opportunity is there, says LPL’s Rob Comfort, as the industry is just beginning to tap the potential in providing investment advice.

Some advisors are great at strategic planning for others, but never plot out an ideal future for themselves.

The rate New York state and its local governments pay to the $160.4 billion pension fund will drop for the first time in five years, Comptroller Thomas DiNapoli said.

As real estate recovers, non-listed REITs are soaring, but they haven’t been much of a hit with customers of Merrill Lynch.

The advisory industry is already locked in fierce competition to recruit new advisors. Now TD Ameritrade Institutional is ratcheting up its efforts to attract talent.

OppenheimerFunds and Putnam Investments are among the winners of the 2013 NOVA Awards, which recognize innovation in the investment management industry.

Nitin Mhatre, executive vice president of Consumer Finance, will lead Webster’s Personal Bank, which includes Webster Investment Services.

The company, which lost millions of dollars after straying from core banking, has returned to its roots as a traditional banking around Philadelphia.

Senator Ben Cardin, D-Md., a member of the Senate Finance Committee, has written to Treasury Secretary Jack Lew and Acting IRS Commissioner Daniel Werfel, urging them to quickly resolve and clarify the tax implications for legally married same-sex couples and those in civil unions.

While an advisor's pitch to clients should be well rehearsed, it also needs to be flexible, says new solo advisor Dave Grant.

The Department of Labor’s Web site debunks the myth of the $100-per-day fine for not providing ACA-related information to employees.

The IRS issued proposed regulations on Friday that provide guidance on the tax credit available to certain small employers that offer health insurance coverage to their employees under Code Section 45R, enacted by the Patient Protection and Affordable Care Act.

Visium Asset Management announced the launch of the Visium Event Driven Fund (VIDVX). This is the first mutual fund offering for the alternative asset management firm, which was founded in 2005.

Morgan Stanley has bolstered its New York office with a top billing advisor team from J.P. Morgan Securities, the boutique brokerage branch of JPMorgan Chase.