Financial institutions

Bob McCann, CEO of UBS Group Americas, says while independent channels are making in-roads and can't be ignored, the threat doesn't keep him awake at night.

Tash Elwyn, President of the Private Client Group at Raymond James, discusses succession planning.

Morgan Stanley's Greg Fleming sees managed accounts as the crown jewel of his business, and expects only minor changes in wealth management in the coming decade.

Merrill Lynch's John Thiel predicts that in the not-too-distant future, RIAs will grow up to look just like their wirehouse competitors.

In this special expanded report on wealth management, On Wall Street’s editor interviewed ten of the most influential executives in the industry to find out where the business is heading, what challenges keep them up at night, and how they’re working to create a sustainable business model that puts clients first while maximizing company revenue, all in the face of increased regulatory scrutiny. Read their insights and observations in the State of Wealth Management.

Jim Weddle, managing partner at Edward Jones, the opportunity for financial advisors is huge as baby Boomers seek expertise as they start seriously saving for retirement.

Deutsche Bank's Chip Packard and Haig Ariyan discuss lessons the industry learned in the past five years.

Patrick O'Connell, Ameriprise Advisor Group, Executive Vice President, says the issues relating to Baby Boomers heads the list of vital issues for the market.

After an investigation reveals mislabeling, advisors told to stop describing themselves as "fee-only" on the CFP website.

The agency's chief administrative law judge has dismissed a commission order instituting cease and desist proceedings against two UBS executives in Puerto Rico for allegedly misleading mutual fund investors.

The firm’s advice and wealth management division accounted for almost 40% of firm-wide profit.

Net inflows from wealthy clients in emerging markets slowed in the third quarter according to the world’s largest private bank for the rich.

Banks have aimed their efforts too broadly at the mass-affluent, a diffuse and broad swath of customers. Instead, they should pursue the “rising mass affluent,” a segment with the most potential for accumulating wealth, according to Booz & Company.

A measure that would put the brakes on the Department of Labor's proposal to establish a fiduciary standard for advisors to retirement plans was approved by the U.S. House of Representatives in a largely party-line vote on Tuesday.

The CFP Board’s highly publicized $36 million 'Let's Make a Plan' campaign may have misled consumers.

UBS Wealth Management Americas pulled back from a record second quarter as credit losses and a drop in client trading took a toll.

UBS AG, Switzerland’s biggest bank, said it probably won’t be able to reach its profitability goal in 2015 after the Swiss regulator demanded the company hold more capital for risks related to litigation.

Lawmakers are set to begin debate today on a bill that would delay, perhaps indefinitely, a proposal by the Department of Labor to impose a fiduciary standard on advisors to retirement plans.

Assets held at direct-to-investor accounts have nearly doubled since 2008 and are outpacing growth at traditional channels, according to a Cerulli report.

Raymond James Financial, the brokerage that acquired Morgan Keegan & Co. from Regions Financial last year, posted a quarterly profit that rose 41 percent on a one-time tax benefit.