UBS Wealth Management Americas has launched a newly-created unit known as wealth planning and investment strategies, according to an internal memo at the firm.

Goldman Sachs agreed Thursday to pay a record $550 million to settle charges that it committed fraud when it misled investors in its Abacus subprime mortgage CDO deal, sold to institutional investors. The settlement is the largest the S.E.C. has...

The Senate voted 60 to 39 Thursday afternoon to pass the Wall Street regulatory reform bill. The bill, which has been the subject of intense debate for months, now goes to President Obama for his signature.

LPL continues its growth streak with the acquisition of assets from National Retirement Partners, a California based broker/dealer.

Over the years, we’ve offered expert advice to financial advisors with business problems to solve in the Fix My Business column. We thought it was time to check back in with some of the advisors we counseled to see how they fared.

Used to be that plenty of FAs hoped one day to become branch managers. That was then.

Will a broader application of the fiduciary standard be accompanied by higher insurance costs? Some broker/dealers are bracing for the possibility.

New regulation under ERISA section 408(b)(2) is expected to be released in the fall of 2010 and take effect in 2011. One key consequence of these regulations is level pricing for financial advisers (FAs) who provide services to 401(k) plans.