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A final handshake on Morgan Stanley’s acquisition of Smith Barney will tie up some lingering loose ends, including a smoother clearing process for client assets, for one of the largest wealth management industry deals in the past decade.

Classes may be coming to an end for millions of students this month but it is just beginning for one BlackRock executive.

T. Rowe Price Group has added former U.S. Senator Olympia Snowe (R-ME) to its board of directors.

As Congress reconsiders various tax breaks it voted into existence (home mortgage deductions, etc.), could 529s come in for increased scrutiny and possible elimination?

Over the past few weeks there has been a lot of discussion about socially responsible investing and socially responsible benchmarks.

Franklin Buys Remaining Stake in Alt Shop

A few weeks ago the Financial Industry Regulatory Authority rang an alarm bell regarding the burgeoning alternative mutual fund asset class in hopes that the average retail investor will do their homework before diving into these funds.

Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of 2013, according to the 2013 Money Management Executive Technology Survey.

Advisors needs and wants are moving targets and mutual fund wholesalers must constantly adjust to if they want to hit the bullseye.

Invesco PowerShares Capital Management has launched the PowerShares Global Short Term High Yield Bond Portfolio (PGHY) on the NYSE Arca.

Equity mutual fund investors added $1.5 billion while equity exchange-traded fund investors added $3.2 billion into their respective funds of choice for the week ended June 19, according to data from Lipper.

The addition of three sales directors in Miami, West Palm Beach and San Francisco are part of the wealth manager’s long-term campaign to boost its sales force by 50% by 2014.

Financial advisors are concentrating too much of their resources on baby boomers and not enough on the next generation of clients, suggests a new report from Cerulli Associates.

Two U.S. Senate aides nominated to join the Securities and Exchange Commission will get a confirmation hearing before the Senate Banking Committee on June 27, according to a Senate announcement today.

It’s common knowledge that Americans aren’t saving enough for retirement. But just how large a deficit is startling.

The California Public Employees’ Retirement System, the largest public pension fund in the U.S. with approximately $260 billion in assets, has made a few changes to its investment fund lineup for the system’s Supplemental Income Plans (SIP).

Assets in defined contribution plans flowed to target-date and international equity funds in 2012, according to a new tracking tool launched by the Defined Contribution Solutions group at Northern Trust.

To evolve and succeed, advisors have to make the transition from practitioners to business owners. As a result we've seen larger firms arising as advisors attempt to add scalability.

Morgan Stanley will buy the rest of its wealth-management joint venture with Citigroup Inc. as soon as next week, capping a four-year effort to reshape the investment bank into a more stable firm reliant on the retail- brokerage business.

Tax-exempt money market funds' inflows slowed to $819.6 million in the week ended June 17 after a $3.13 billion surge the week before, according to The Money Fund Report, a service of iMoneyNet.com.