Fortress is the fifth firm to join Omaha-based Arbor Point, which provides an open architecture platform aimed at dually registered advisors, since it launched early last year.
Deutsche Bank's wealth management unit has recruited former-Barclays advisor Chris Guttilla.
Almost three in four affluent millennials have assets in online brokerage accounts, while only 67% have assets in a defined contribution plan.
The decline was partly due to weather-related events that lowered customer activity across the board, the banks CFO said during an earnings call.
KeyCorp offset lower revenue with cost cutting last quarter.
Morgan Stanley Wealth Management's profits were up for the first quarter, following strong growth in fee-based assets and interest income. Overall, the bank's profits grew to $1.5 billion in the first quarter of 2014.
New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.
When advisors get creative, overlooked assets can yield tax savings and unexpected cash.
Longer lifespans mean a big shift in planning -- particularly for female clients.
The broker-dealer was censured and fined for selling unsuitable exchange-traded funds to customers.
Can your young advisors handle the highly charged conversations that often come with major life transitions?
John Taft, CEO of RBC Wealth Management-U.S., shares his insight on upcoming regulatory changes, an ever-more complex marketplace and leadership.
Bank of Americas wealth management unit reported a modest increase in profits and a surge in advisor productivity, but the bank suffered a net loss for the quarter as litigation expenses related to the financial crisis rose to $6 billion.
RIAs are gaining market share of assets, although wirehouses will still control nearly $6 trillion by 2016, the research firm predicts.
PNC Financial Services Group Inc., the second-biggest U.S. regional bank, said profit rose 6.5%, beating analysts estimates, as expenses declined and the company set aside fewer provisions for soured loans.
U.S. Bancorp, the nations biggest regional lender, posted a first-quarter profit that matched analysts estimates as mortgage-banking revenue declined
New Yorks top banking regulator sent a subpoena to Credit Suisse Group last week as he examines whether its private bank helped clients evade state taxes, a person with knowledge of the matter said.
A new report estimates how much individual U.S. taxpayers would need to pay each year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens.
Credit Suisse Group AG, the second- biggest Swiss bank, reported a slump in first-quarter earnings as a drop in debt trading weighed on investment-banking profit.
The Office of the Comptroller of the Currency is likely to make changes to its proposal outlining the "heightened expectations" the largest banks must face after the industry raised concerns that certain provisions could backfire.