With the firm coming in below its goals, Morgan Stanley CEO James Gorman blames volatility and costs of doing business as factors for lower revenue and profit in fourth quarter.

The Vanguard founder lived his spread-the-wealth philosophy.

John Bogle introduced the first retail index mutual fund in 1976. He built Vanguard to $4.9 trillion in assets under management.

Controversial U.S. Rep. Alexandria Ocasio-Cortez has been appointed to the House Financial Services Committee.

Four times as many net new households chose to work with Bank of America's brokerage last year compared with 2017.

The financial planning firm, founded by Peter Mallouk, launches an eight-figure national television campaign and is, for the first time, looking to buy other RIAs.

While the model may be a huge departure for LPL and set PAG apart from other OSJs, the changes bring the firm up to par with what some other RIAs are already doing for wirehouse brokers looking to build their own business.

The firm is investing in resources that enable its advisors to high-net-worth clients to handle more complex wealth management needs.

Integrated Financial Partners opened six new offices and added $900 million in assets last year.