“It’s going to be a little rough in here for the mutual fund industry, but this is like a kidney stone. It’s going to be painful for a year, year and a half, but it will pass, and the next thing you know we’ll be off to the races.”

Wealth Management was a bright spot in the bank's earnings, even as advisor headcount drops.

The wealth effect driving luxury car sales, Next Capital Management joins Dynasty and Morgan Stanley advisors in California and Florida join Ameriprise.

Randal Quarles served as a senior Treasury official under President George W. Bush.

New share classes reduce conflicts of interest and boost returns, four Kansas City firms merge and investor sentiment has fallen off.

Clients assets at the firm's brokerage reached a record high $1.8 trillion.

The brokerage has hired a head of municipal trading and head of public finance, new positions.