Morgan Stanley announced Wednesday in an internal memo that it is firing 500 financial advisor trainees and redesigning its training program.

Advisors have a great opportunity to build up their retirement rollover business because so many recent retirees are unhappy with their old plans, according to a survey released this past week.

Vincent Cantella, a son of Sicilian immigrants who grew to become a legend in Boston’s financial-services community, died May 4 at the age of 89, the Cantella & Co. said in a statement yesterday.

In reporting record first-quarter profits yesterday, UBS expressed interest in following up its recent acquisition of Piper Jaffray’s brokerage unit with more purchases

If you are a wealth manager who caters to doctors, real estate developers or jet owners, you ought to know about captive insurance. It’s a small-but-growing area of personal insurance that can provide cheaper coverage than standard plans.

Merrill Lynch has teamed with Japan’s Mitsubishi UFJ Financial Group. Yesterday, the two behemoths launched a private banking unit armed with 150 financial advisors.

Independent broker/dealers gathered in “Hot-lanta” at the Buckhead InterContinental Hotel for the SIA’s Second Annual Independent Firms conference on Tuesday, but, despite the beautiful weather, the usual clouds lingered.

Independent advisors require a vastly different level of support from money managers and their field forces than their wirehouse and bank rep counterparts, according to newly published research from Financial Research Corp.

Merrill Lynch is launching a new career-development magazine geared toward executive leadership in corporate America. Entitled 360 Degrees and published by Spot On Media, the first edition is expected to hit the presses in the coming weeks.

For many investors, incorporating personal values into a portfolio is a must, and socially responsible investing (SRI) is a way to do that. If you don’t know what SRI is, or only have a vague idea, it turns out you’re in good company...