Practice management

Paul Cahill from Virtus Investment Partners notes that 10% returns were a reality for previous generations—but not anymore

Goldman Sachs Group, JPMorgan Chase and Bank of America are among Wall Street firms still catering to SAC Capital Advisors after the hedge fund agreed to plead guilty to insider trading charges.

The sixth-largest U.S. bank by assets said it may be sued by American International Group over mortgage-backed securities that the insurer purchased before the financial crisis.

Some advisors worry that the new rules could inspire an irrational enthusiasm.

The segment may be ready to equal or even surpass its high-net-worth peers in appeal to the financial planning industry.

What, exactly, do high-performing advisory firms do differently than their less successful peers?

Commentary: Syndicated columnist David Sirota is on a mission to prevent public pension funds from investing in “alternative assets” such as private-equity and hedge funds.

Eight leading managers of money-market mutual funds urged the SEC to alter the way it defines retail funds in proposed new rules for the industry.

Markets are pretty efficient in the long-term but can be wildly inefficient in the short-term. And the short-term is where advisors can provide value to clients.

A run-down of the stories in this issue, including a special report on the state of wealth management.

Wells Fargo President and CEO Danny Ludeman discusses the challenges of marketing and winning new business.

U.S. Trust's Keith Banks says being a part of bank of America helps him deliver more than just wealth management services.

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.