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Wedbush has expanded its operations in Southern California with the addition of a former Morgan Stanley advisor to its Newport Beach, Calif., office.

The search for yield has been a persistent and vexing challenge for anyone charged with managing money. But what are the options? How far out the curve do you have to go to find suitable opportunities? And how do you balance your yield appetite with potential credit and duration risk?

After just a few months of running his solo practice, advisor Dave Grant has run into a good problem: how to manage a growing list of prospective clients.

Despite the slow economic recovery, many wealthy business owners are increasingly confident about their finances.

Baird has brought on four advisors with $330 million in assets.

Wedbush has expanded its Southern California presence with a 40-year industry veteran.

The trade association representing credit unions believes that the Financial Accounting Standards Board’s recent proposal to redefine the meaning of a public business entity could open the door to more appropriate accounting standards for credit unions.

The Houston company is finding that its recent deals — which allowed Prosperity to expand in highly coveted businesses such as private banking and cards — are producing a nice boost to fee income.

Investors are more concerned about improving the quality of financial disclosures rather than simply reducing the quantity of them, according to a new report from the CFA Institute, which takes aim at some recently proposed disclosure reforms that seek to cut down disclosure overload.

Foreign stocks generally pay higher dividends and offer great sector diversity for investors hunting yields, says Philip Camporeale of J.P. Morgan Asset Management. But beware the tax hit.

Bloomberg -- UBS AG, Switzerland’s largest bank, agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank’s 2008 collapse.

Many wealthy business owners are increasingly confident about their finances despite the slow economic recovery. According to the latest survey from Northern Trust, half of high-net-worth business owners are feeling better off in their personal financial situation than five years ago. The number that are confident they will achieve their personal financial goals reaches 69%.

UBS AG, Switzerland’s largest bank, agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank’s 2008 collapse.

Six in 10 penta-millionaires chose absolute returns and total assets to gauge their success, nearly identical to people in the lower-tier mass affluent segment.

The Federal Reserve governor leading the central bank’s effort to tighten financial regulation has a decision to make as its governing board is reshaped: Should he stay or should he go?

ING U.S. Investment Management has appointed Bas NieuweWeme as Managing Director and Head of Institutional Distribution. NieuweWeme, will oversee the institutional business, setting strategic direction across U.S. and international sales, consultant relations, RFPs, client service and relationship management. He will report to Shaun Mathews, Executive Vice President and Head of the Client Group.

A terminal diagnosis for Simpson's co-creator Sam Simon pushed him to immediately address his estate and charitable giving plans. His story offers an important lesson for your clients.

The Federal Reserve governor leading the central bank’s effort to tighten financial regulation has a decision to make as its governing board is reshaped: Should he stay or should he go?

The complexities of caring for cognitively impaired clients mean advisors need to learn new skill sets to specialize in serving elderly clients or build up a robust network of professionals to help.

Study groups are a great way to not only share strategies and solutions, but to benchmark your performance and that of your firm against others in the industry.