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Warren "Bud" Wilson, John Kwiatkowski and Valerie D’Addona have formed the Greenbrier Wealth Management Group for Raymond James and established a practice in Raymond James & Associates’ Westlake Village branch.

According to data compiled for IRI by Morningstar, Inc., new sales were $136.6 billion in 2010, up 10.3% from 2009, when new sales totaled $123.9 billion. What’s more, assets reached an all-time high of $1.5 trillion, finally lifting the variable annuity industry above the pre-crisis levels of the third quarter of 2007.

While exchange-traded funds are soaring in popularity and investor cash continues to flow liberally into retirement accounts, closed-end funds have all but been forgotten by a large swath of the advisor community even though they offer some pretty compelling and unique benefits.

Carson Wealth Management Group announced Monday it will become an independent RIA in July, but will further expand by added a broker-dealer arm later this year.

Pioneer seeks to meet demand for innovative fixed income funds.

A federal cap on tax-exempt bonds could gradually wean investors and issuers off the muni market and toward a permanent, expanded Build America Bond market that has a flexible subsidy rate, a new report from the Center for American Progress argues.

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.

Letting the numbers speak for themselves, Bank of America's sent a message to anyone still disgruntled over its $29.1B purchase of Merrill Lynch. The message? "I told you so."

Nearly one in five Americans, 19%, have drawn on their retirement savings in the past year to cover emergencies, a survey of 1,004 adults by Princeton Survey Research Associates International for Bankrate in early April found.

It was widely hoped that at least one silver lining in the recession of December 2007 through June 2009 would be chastened investors with a newfound respect for living within their means, saving and preparing for retirement.

Janus Chief Financial Officer Greg Frost, will leave the firm on or around Aug. 1 and will be replaced by Bruce Koepfgen, who will join the firm in the beginning of June and succeed Frost in early August.

With the deadline to register with the Securities and Exchange Commission less than three months away, consultants and other hedge fund experts are urging fund managers to get ready-and fast.

Adding a care manager to your estate planning team can benefit both you and your client.

Under the new tax law, married couples have a $10 million estate-tax exclusion-no planning necessary.

While we spend most of the year covering the advisors in our space, we set aside one issue to pay attention to the bosses. And in reading about their concerns, you'll get a dose not only of market woes and customer service issues, but of management strategy as well.

For those investors who still feel like they've been punished by the market in recent years, one advisor has found the carrot to lure them back.

A lack of planning is a common mistake in all aspects of life. That's far from the only mistake made by bank advisors. Here's a look at some of the common pitfalls and how to avoid them.

Estate plans work great when someone dies—but it's when clients live into old age that planning gets hard.

Good managers understand they must not only lead their teams, but must also help them deal with the stresses and personal issues of everyday life.

UBS Wealth Management Americas hired a three-member Wells Fargo advisor team to its Port Jefferson, N.Y. office. The team incudes father and son Michael Russell and Sean Russell, as well as Philip Giammarino. Together, they had $1.8 million in annual fees and commissions and $277 million in assets under management.