When it comes to giving money away, the only hard part for your clients should be accumulating the wealth in the first place.

Another day, another hasty acquisition of a hurtin’ financial services firm pushed by the government—in this case, the FDIC.

Raymond James said yesterday it plans to convert itself into a bank.

Gary Gross, an Orthodox Jewish broker who allegedly preyed on elderly members of his own Florida congregation, has been charged with fraud by the SEC for, among other things, selling his clients unsuitable investments.

Sallie Krawcheck, CEO of Citi’s global wealth management division, and once considered a potential successor to the CEO role, is leaving the firm. Her departure was announced internally to Citi employees this morning. A spokesperson for...

The last 18 months of turmoil in the financial markets and at the individual New York brokerage firms appears to be benefiting the RIA industry.

Morgan Stanley, one of the last remaining stand-alone Wall Street titans, is considering merging with Wachovia Securities, according to the New York Times and CNBC.

A family’s good name needs protection like any other asset. Yet it’s more vulnerable than ever in these instant-information celebrity-obsessed times

Morgan Stanley, perhaps in an effort to quell investor fears that it was on similarly shaky ground as Lehman Brothers, pre-announced its third-quarter earnings yesterday, surprising analysts with census beating results.

At a press conference early Monday morning, John Thain, chief executive of Merrill Lynch & Co., insisted that the firm’s employees supported being taken over by Bank of America of Charlotte, N.C.