Many advisors have lived through bear market turmoil before. They say their role now is to keep clients from panicking, and in many cases help those with longer time horizons recognize opportunity in the chaos.

The SEC had accused Christopher McClure, the owner of Westport Capital Markets, of enriching himself by investing client funds in risky securities with additional, undisclosed mark-ups and fees.

Peter Mallouk, head of Creative Planning, said the company has made a large donation to local charity Harvesters—The Community Food Network.

The case for giving away a fortune.

Redtail’s CEO opens up about the data breach, how it affected his outlook on cybersecurity and the changes his firm has made since.

A bipartisan bill introduced Thursday would allow public sector employees, including K-12 teachers, to add lower-cost investment trusts to their retirement portfolios.

CAPTRUST has added Welch Hornsby, a 30-year-old advisory firm in Montgomery, Ala.

The XYPN co-founder will join the Focus Financial-owned firm as the head of planning strategy to continue to do for financial planning what his new colleague Larry Swedroe has done for investing—advocate for a research-led, evidence-based approach.

A four-person Dallas advisor team joins Raymond James.