A New Jersey woman claims a broker with Wells Fargo Advisors Financial Network used proceeds of her late husband's life insurance policy to invest in speculative options and volatile non-income-producing individual securities such as Facebook.

The fate of the ballyhooed Bakkt project is in the hands of state regulators now.

Three of the 171 individuals named in special counsel Robert S. Mueller III's report have backgrounds in investment management.

Once the deal closes, Broadridge’s Matrix subsidiary will become one of the largest independent service providers of custodial and sub-custodial solutions with about $420 billion in assets under administration and more than 118,000 plan accounts...

Morgan Stanley gets about half its annual revenue from wealth management, which helps it ride out weak periods for trading and investment banking.

Investors allegedly lost $8 million in assets from a failed medical marijuana venture linked to a Massachusetts-based advisor.

Morgan Stanley’s wealth-management unit had revenue of $4.39 billion, up slightly from a year earlier.

The firm's former CTO will continue to consult, while Eric Castillo will build out Dynasty Dashboard 2.0.

The proposed regulation would make the Garden State one of the first in the country to enact a uniform fiduciary standard for financial advisors.