They seek a refund and damages after they said the firm directed them to its Thinkorswim website, according to a FINRA arbitration filing.

The challenges of new regulations may actually allow independent firms to grow and thrive—particularly those which embrace these four advice-centric features.

For the first time in his 30-year career, columnist Bob Veres is starting to hope the sector may catch up in the areas of trust, transparency and a fiduciary mindset. A promising new app is helping him get there.

KeyCorp acquired the personal financial management tool for an undisclosed sum.

"We're not going to proscribe any way for clients to access us," says Mark Jordahl, president of U.S. Bank's wealth management group.

Executives think algorithmic assistants will be a better solution for wealthy clients than mere software allocating assets for the masses.

Disruption of financial services is not a one-time event. Innovation is shaping everything from consumer behavior and advisers' needs to regulatory requirements.

Bank of America's soon-to-be-released virtual assistant, erica, is being trained to provide personal finance advice.

Advizr has attracted more than 400 advisory firms and is close to a new round of funding.

Scottrade and Schwab fell out of the top three, while Capital One Investing led a retail bank surge in the J.D. Power report.

The firm says its external backup system failed at the same time its main internet connection was cut, raising concerns.

The OCIE is suggesting best practices for firms to protect themselves.

Wealth management platforms are in a steady buying spree, snapping up tech firms that can give them extra features to offer clients.

In 2016, the SEC brought a record 868 cases, including 173 against broker-dealers and advisers and 159 against investment companies.

The launch comes as banks and other players in the advisory industry vie for the $30 trillion in wealth that is expected to change hands in next several decades.

Self Lender and Wela, two fintech startups, are making their marks on the PFM space by providing incentives to users to manage their money wisely.

Banks have warmed up to digital wealth management tools but will need to use their human advisers, too, to beat fintechs.

Regulatory direction on mobile communication shows why advisers need to be careful about hyperlinking information.

The digital platform was intended for use by all of the firm's wealth advisers.