McHale succeeds Mark Seffinger, who is leaving the firm; he'll report to Executive Vice President and Chief Risk Officer Brent Simonich.

The U.S. Supreme Court hears arguments today on the SEC's ability to use in-house judges to seek multimillion-dollar penalties.

Munger helped Warren Buffett craft a philosophy of investing in companies for the long term.

Envestnet's Brooks Friederich is leading the firm's model-portfolio division with 2,000 customized products from some 150 asset managers.

Sassi Mizrahi was sentenced to more than seven years in prison after being found guilty of five counts of wire fraud related to helping his brother defraud at least 40 investors, according to the Justice Department.

The acquisition of Daniels + Tansey adds advisory, investment and tax expertise to Creative Planning.

The acquisition of Sevenich, Butler, Gerlach & Brazil is the first in an M&A strategy focused on accounting firms and relationship managers.

With a niche focus on Taft-Hartley retirement plan sponsors, Mammini Company left Lincoln Investment to support an ambitious growth plan.

The deal takes Avantax private, and the tax-focused firm will operate as a separate division within Cetera.

Star money managers are selling up or giving cash back to investors. Turning your hedge fund into a sustainable, growing business is a tall order.