Industry

Following the JP Morgan data breach over the summer and “60 Minutes” calling 2014 the “year of the data breach” last week, Congress is getting serious about the cyber threats facing the financial industry...

If you can’t beat ‘em, join ‘em, as they say, and UBS is looking for new ways to use its collection of customer data to compete with new tech-based asset allocation firms coming from Silicon Valley companies. UBS awarded $30,000 and a potential...

New updates added to compliance platform aim to streamline review process for compliance teams

The fees associated with 401(k) plans are falling, according to a new study by BrightScope Inc. and the Investment Company Institute. Looking at plans that existed from 2009 to 2012, the total costs decreased on average by around 10 basis points...

HighTower continued its West Coast expansion Monday by adding Doug Conklin, a senior financial advisor and senior vice president of wealth management from Merrill Lynch, to Sacramento, Calif.-based Ezzell Group, a member of the HighTower Network...

Even after the volatility in October and worries about a coming market correction, the majority of advisors believe the bull market will continue in 2015...

The Securities Industry and Financial Markets Association is standing by its opposition to the Financial Industry Regulatory Authority’s proposed Comprehensive Automated Risk Data System rule, saying at a media briefing Thursday it will use...

Contrary to the prevailing belief in this industry that it pays to focus on a niche market, investors actually prefer to work with an advisor who can discuss all areas of their life, a recent survey by the Certified Financial Planner Board of Sta...

Bill Gross' behavior during his appearance at the Morningstar conference concerned PIMCO executives. Much has been written about Bill Gross and his departure from the firm he founded 40 years ago. Now, Bloomberg does a deep dive into the dra...