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After months of rumors, Wells Fargo & Co. — the nation's largest originator of reverse mortgages — made it official confirming that it is leaving the sector, but will remain as a servicer.

Here's a handy, alphabetical listing of all the independent broker-dealers that participated in Financial Planning's 2011 survey along with their corporate contact information and sales rank for the year. Did your company make the cut?

After trading accusations in an arbitration dispute, Bank of America Merrill Lynch has been ordered to pay one of its former financial advisers $1.55 million in compensatory damages and expunge his Form U5.

Registered Fund Services and UMB Fund Services have jointly developed a turnkey registered hedge fund program.

While recent legislation has sparked debate about suitability versus fiduciary standards, a majority of investors do not understand the difference between the two, a survey by J.D. Power and Associates found.

John Hancock Retirement Plan Services has introduced a second generation of its PRIME Elements iPad application for retirement plan advisers and consultants.

Financial advisors Charles C. Stoner and Eileen Stoner are among the new team members joining UBS in Charlotte, N.C.

A new annual study from J.D. Power and Associates shows that RBC Wealth Management ranks first compared to other firms in investor satisfaction.

Eaton Vance Management has launched the Eaton Vance Municipal Opportunities Fund, a fund that employs an opportunistic approach to investing in municipal obligations, with the aim of maximizing after-tax total return.

Average daily volume in stock trading is averaging 7.6 billion shares this year, according to a rundown of statistics at the market structure panel run Tuesday by Richard Repetto of Sandler O'Neill, the respected industry analyst. Once upon a time, they would call this a doldrum.

Direxion has launched five new daily leveraged and inverse exchange-traded funds, focused on sectors that have attracted large assets and have high trading volume.

Fifty-four percent of adults age 65 or older are confident in their retirement preparedness, according to Charles Schwab’s latest quarterly retirement pulse survey. But only 26% of those between the ages of 18 and 34 share those feelings.

USAA Federal Savings Bank plans to unveil an overhauled website this month that can provide the kinds of conversations online that typically only happen face-to-face in branches.

Chicago has long been viewed as a market ripe for consolidation, but the Second City might be starting to rot on the vine.

After the flurry of role changes at JPMorgan Chase & Co. this week, it is easy to dwell on the relative power of executives and their career trajectories.

A panel of JPMorgan Chase strategists and portfolio managers this week made it clear that while there are opportunities for equities investors in the U.S., there are better options in both developed international equities markets and in emerging markets.

A FINRA arbitration panel has ordered Bank of America Merrill Lynch to pay Angel E. Aquino $1.55 million in compensatory damages and expunge language in his Form U5.

Two years after proposing rules to avert misuse of client assets on the scale of the Madoff ponzi scheme, the Securities and Exchange Commission (SEC) proposed amendments that would strengthen oversight of broker-dealer audits.

Fifty-four percent of adults age 65 or older are confident in their retirement preparedness, according to Charles Schwab’s latest quarterly retirement pulse survey. But only 26% of those between the ages of 18 and 34 share those feelings.

The CFA Institute this week said 43% of the 185 investment professionals who sat for the Certificate in Investment Performance Measurement (CIPM) program exam in April managed to achieve a passing grade and can now add the CIPM designation to their resumes.