Six in 10 advisors maintain their back office in-house, according to a new survey by FTJ FundChoice.

Carole Wentz, who has been with Bank of America's wealth management business for 24 years, is now leading the Texas Mountain South division.

The alternative investment marketplace just became the exclusive feeder fund service provider at Morgan Stanley.

The total value of the deal, in a cash and stock transaction, is worth approximately $500 million.

Jed Finn, COO of the wealth management business, will also head up the new Corporate & Institutional Solutions.

The Wells Fargo CEO shouldn't be getting a bonus; he should be removed from his post, said Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services.

Melissa Bean, chairman of the Midwest at JPMorgan Chase and a former congresswoman, will join the Chicago firm in April.