As Baby Boomers retire, and switch gears from asset accumulation to asset distribution, advisors are going to have to become more sophisticated and efficient in their delivery of financial advice.

HighTower Advisors, the fast-growing and well-funded Chicago-based advisory firm, has raised its profile again, hiring top recruiting executives from Charles Schwab and LPL Financial as it plans to open six new offices by April 2011.

Prudential said it named Jackson National Life Insurance Vice Chairman and COO Mike Wells as Jackson's president and CEO. He succeeds Clark Manning, who steps down in December. Manning will chair Prudential's U.S. operations until April 30, 2011...

The already crowded field of wealth management firms who want to go national is getting more crowded, still.

Broker/dealers, custodians and clearing firms are far behind in their preparations for new cost-basis reporting rules that will take effect between January 1, 2011 and January 1, 2013, analysts and tax experts say. Sure, that first deadline is...

SMA growth has slowed, a natural consequence of maturity.

LPL Financial is paying the price today for failing to safeguard its customers’ personal information.