The $26 billion deal, if approved, would put Schwab on equal footing with the wirehouses, and put pricing pressure on the upper levels of wealth management. Smaller advisors beware.

The brother/sister duo are forming High Note Wealth after leaving Northwestern Mutual, where they collectively managed $500 million in client assets.

A deal would create a firm with roughly $5 trillion in combined assets, consolidating an industry under pressure from a price war that escalated when Schwab last month announced plans to eliminate commissions for U.S. stocks, exchange traded funds...

As AL Hewitt solidifies its succession plan, Mercer Advisors continues its aggressive growth.

The duo's victims include a 77-year-old retiree who invested about $1.1 million.

Morgan Stanley has updated its grid payout scheme to incent its advisors to aim higher and sell financial plans in its first compensation update since 2017.

The SEC commissioner was among the choir while singing the praises of the soon-to-be-implemented rule at the trade association's annual meeting in Washington, D.C.