Despite an opportunity to buy stocks on the cheap, retail investors still have a risk-adverse bias, according to recent fund flows. Year-to-date through July, investors have yanked $17.8 billion from equity mutual funds, with outflows of about $31...

LPL Financial has lured TD Ameritrade's Michael Watson to serve as its new senior vice president of business consulting. Based in San Diego, Calif., Watson will focus on building and managing practice management programs for LPL's advisors...