Economy

Just days after luring another Morgan Stanley advisor, Stifel announced the hiring of longtime Morgan Stanley veteran Richard Linnihan.

Timothy Throckmorton will oversee and help grow the personal trust and estate administration business.

Wedbush picked up a legacy Morgan Keegan advisor in Texas.

The companies announced an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

To continue its expansion in Atlanta, United Capital announced Monday it bought the majority of the assets of Atlanta-based PPA Advisors.

For families with a special-needs child, advisors must employ a variety of tactics.

The nation’s largest independent broker-dealer is partnering up to enhance its recently launched online retirement planning services platform.

Once lost, a reputation is hard to regain, and it’s costing financial services companies hundreds of millions in sales.

Industry veteran Steve Dunlap, who previously held two top jobs at Bank of New York Mellon, is joining Cetera Financial Group as executive vice president, wealth management.

Gen Y planners foresee RIAs booming and perceive fundamental flaws within the wirehouse model. They see advisors making big mistakes with next generation clients. They have fears about the future of the industry along with some ideas on how society should change to create a more financially secure world.

Small businesses across the U.S. are feeling more optimistic about the months ahead as financial conditions rebound, but concerns remain about hiring and growth, according to a new report.

Investors overreacted to Federal Reserve Chairman Ben S. Bernanke’s comments that the central bank could reduce monthly bond purchases, Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said.

With a new managed accounts platform, Merrill Lynch advisors will be able to turn to one website instead of five to answer a single client question – “How am I doing?”

Stifel has picked up a former Morgan Stanley advisor who oversaw $374 million in assets.

Bank of America is offering software to help small business clients manage their cash.

Increasing emphasis on client satisfaction may be changing the way wealth managers get paid and how they are evaluated.

FINRA has censured Securities America and fined it $100,000 for making inaccurate and misleading statements to clients via emails.

Benjamin Edwards has added offices in Canton, Ohio and Abilene, Kansas., growing the firm to 33 branches in 17 states.

Janney has hired Neil McCauley from Wells Fargo with $98 million in assets under management.

Thinking of working for a family office? First look under the hood – and into the mirror.