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UBS Wealth Management Americas has hired four financial advisor teams in New Jersey and New York, including three Morgan Stanley Smith Barney teams and one Bank of America Merrill Lynch team. The largest producing team of those hires is the Palumbo, Short, D'Amato & Dixon Group, in Florham Park, N.J. The team, including Richard Palumbo, Robert Short, Robert D'Amato and James Dixon, joins from Merrill Lynch, and had $675 million in assets under management and about $4 million in annual production.

John Thiel of Merrill Lynch points to Apple's innovative marketing

Former B of A executive joins four-person advisory board

The brokerage industry wants simpler language and other modifications.

But can they keep their stellar performance going?

Advisors must realistically assess their clients' readiness for life after work.

Greater distribution of wealth in undeveloped nations offers more options to diversify portfolios.

More money is chasing fewer coupons. Bargains are going fast.

The managing director and chief investment officer of Merrill Lynch Global Wealth Management discusses her 18 years in the securities business.

Encouraged by strengthening fundamentals, ETF investors are riding calculated risks to fatter returns.

Personal experience has prompted one Ameriprise advisor and his team to build an unexpected niche.

State regulators may frown on discounting fees, if you are tying them to activity level.

Here's how to turn inactive clients into productive ones.

On April 30, 2012, Calabas, Calif.-based Rocky Peak Capital Management, LLC unveiled its first mutual fund.

More than half of mass affluent Americans (57%) plan to push back their retirement, up from 42% in January 2011.

On April 30, 2012, Perritt Capital Management changed the name of its Perritt Emerging Opportunities Fund.

Profitability has become a serious challenge for independent broker-dealer firms, according to a survey by Cerulli.

On April 30, 2012, Principal Funds added three new hires to its I-O team.

The implementation of the Economic Growth and Tax Relief Reconciliation Act of 2001 started the process of "decoupling" between the Federal estate tax and various states. As the years moved forward, many states retained a $1 million estate tax exemption amount, decoupling their exemption from the Federal amount that has ultimately risen to its current $5 million level. However, the reality is that a second decoupling just occurred in 2011, and as a result, a new state estate tax planning "loophole" has opened up, creating a planning opportunity for many clients, but only until the states close the loophole.

On April 30, 2012, Prudential Annuity has unveiled two new asset allocation portfolios and two new sub-advisors.