The drama over Whitney Houston's estate continues to unfold.

The recruiting wars are heating up at the regional firms. Philadelphia-based Janney Montgomery Scott has recruited two teams from Morgan Stanley Smith Barney with total assets of $380 million.

The passive versus active management debate wages on, but a new report on 2011 performance gives more weight to index and ETF investing.

The head of the U.S. wealth management division was its highest paid executive this year, but the Swiss bank is placing its future bets on emerging markets.

Merrill Lynch financial advisors can expect Bank of America cost-cutting to take the form of greater client segmentation and reduced bureaucracy, said John Thiel, head of U.S. wealth management and the private banking and investment group for...