Wealth management

Here are the top firms according to their basic payout for producers at the $400,000 mark.

Average assets under management for financial advisors in North America hit a record $81 million last year, according to a new report.

Three months after her departure from the Securities and Exchange Commission, former Chairwoman Mary Schapiro has been nominated to join the board of General Electric. If she accepts, she will be the third former regulatory chief to join a board of directors this year.

Increased compliance requirements, regulatory changes, and an aging client base are just some of the obstacles RIAs will face this year, but advisors still see a bright future for their assets under management.

Here are the top firms according to their basic payout for producers at the $200,000 mark.

More than one in five worry they may not be doing enough to make a difference, with 82% subscribing to the belief that greater wealth brings a greater obligation to be philanthropic.

What's worse than battling with a loved one over money? Watching another couple argue about money ... right in your conference room.

The dually registered and registered investment advisor channels were the fastest-growing for assets under management from 2010 to 2011, Cerulli Associates reported today -- but the two are still dwarfed by assets in the wirehouse channel.

HighTower, a national company serving high-net-worth and institutional clients, brings prospective partners to the firm’s Chicago headquarters for a day of one-on-one meetings with the top executives. Here's an in depth look at one step in the firm's recruiting process.

Competition for top financial advisory talent has stayed strong, but the kinds of advisors interested in moving has changed, according to the eight recruiters who gathered for On Wall Street's annual Recruiters Roundtable this year. Check out the key trends set to influence advisor movement in 2013.

The three-year-old Tampa-based broker-dealer and RIA has opened a new office in Sebring, Fla., bringing on 17-year Merrill Lynch veteran Kelly Connelly as a financial advisor and first vice president of investments.

Jeffrey Rubin, a Florida broker, was barred from the securities industry after more than 30 National Football League players including Terrell Owens lost at least $40 million on an Alabama casino project that went bankrupt.

When advisors move their practice, many things can go wrong – and they can go wrong very quickly. Fortunately, many of these mistakes can be avoided.

Growth can mean a number of things: professional development, growing assets, increasing enterprise value of the business, raising revenue or expanding profits. Shirl Penney examines a few lessons learned from the Dynasty Network on what advisors are doing to raise revenues and widen margins.

What if you could outsource all of the burdensome administrative tasks and focus on growing your bottom line? Convergent Wealth Advisors has introduced a program with that in mind.

Taxes are increasingly spreading beyond national and state borders to make more of a global impact, affecting economic activity across the world.

What's State Street Global Advisor's next big destination for expanding its retirement business? 

Call it a generation-skipping succession plan. When 62-year old industry veteran John LaPann decided it was time to hand over the reins of Federal Street Advisors, observers may have expected his successor would emerge from the ranks of firm veterans now in their 50s, but instead the firm chose some younger leaders.

CIC Wealth Management, a Maryland-based RIA, plans to grow by targeting single and divorced women as clients.This demographic currently represent about 35% of the $300 million firm's client base, but could its plans to increase that percentage significantly be thwarted by the fact it only has one female advisor?

The Internal Revenue Service said that budget sequestration would require reductions in refundable credits for certain tax-exempt bonds and the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers.