RCS Capital’s plan for Chapter 11 reorganization has been approved by a U.S. bankruptcy court for the district of Delaware. The approval brings Cetera Financial, the firm’s brokerage arm, one step closer to becoming an independent...

United Capital Financial Advisers announced its first deal since the launch of FinLife Partners last month, a white-labeled version of its software package. The firm has acquired HFI Wealth Management, a Shepherdstown, W.Va.– and Winchester...

(Bloomberg) -- UBS Group AG said first-quarter profit fell 64 percent, missing analyst estimates, as all divisions reported a drop in earnings...

Minneapolis-based Wealth Enhancement Group, the registered investment advisory firm bought by private equity company Lightyear Capital last April, has made another acquisition, thanks to the help of its parent company...

Swiss bank UBS is planning to merge large parts of the back and middle-office functions at its wealth management business, resulting in workforce reduction, the Financial Times reported, citing people familiar with the plans...

Despite the trouble its parent company RCS Capital (RCAP) is currently undergoing, Cetera Financial Group announced Wednesday that one of its member firms, Cetera Advisor Networks, recruited Empire Asset Management group, a hybrid practice...

(Bloomberg) -- Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. The stock fell in early trading in New York...

Not that long ago it was enough for an independent broker/dealer (IBD) to provide their advisors with basic clearing and custody and mandatory regulatory oversight. But today, with so many broker/dealers to choose from, advisors have come to...