The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
The new regulations from the Department of Labor covering qualified default investment alternatives will have widespread ramifications for both financial advisers and insurance companies.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
Mutual fund companies catering to the first wave of baby boomers, now nearing retirement, may be neglecting younger boomers who have many more years of work still ahead of them.
Hoping to steal the thunder from archrival Charles Schwab & Co. Inc.'s annual gathering of advisers this week, Fidelity Investments last week unveiled plans to spend $50 million to develop a wealth management technology platform aimed at advisers.
Nick Leeson, the rogue derivatives trader whose fraudulent transactions brought down London's venerable Barings Bank, has a new gig.
California's proposal to register hedge funds could drive much of the industry out of the state, experts say.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
