FINRA banned a rep for allegedly forging a customer's signature on bank withdrawal slips, a move that allowed the customer's sister to steal $3,900 from the customer's account. Two others were suspended for relatively minor infractions.
The asset management firm made the new hires during a recruiting push in the last quarter.
Focus partner firms managed $31 billion and advised on another $10 billion, according to their recent ADV filings -- considerably less than the $70 billion in "total client assets" the firm had previously publicized.
Two Merrill Lynch advisors left the wirehouse for independent firm Snowden Lane Partners.
Morgan Stanley Chairman and CEO James Gorman's compensation package for last year includes a $4.44 million stock bonus, down 13% from his 2013 award.
City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."
There are 13 states that subject Social Security benefits to tax; Plus, why investors shouldn't hold an annuity in their Roth IRAs.
A new Morgan Stanley Wealth Management study looked at investor sentiments on domestic and global economies.
BB&T and KeyCorp's quarterly results showed how more diversified regional banks can turn to their insurance sales, investment banking and other fee generators for backup until interest rates improve. Whereas the smaller Huntington Bancshares needed strong loan growth in a quarter (and year) when fees fell.
Congress should revamp Social Security to ensure that retirees will receive at least 75% of their benefits in case the trust fund is depleted, says a professor.
Royal Bank of Canada sold its U.S. retail bank a few years ago to PNC. The company is back with a targeted play: City National, a Los Angeles bank that has built its business targeting the rich and working with Hollywood.
Investors have regained their faith in financial firms, but advisors still have work to do, a new study shows.
An advisor at RBC has been promoted and will oversee six wealth managers.
When does it make sense to buy your list of clients? Attorney Alan Foxman explains.
The advisor community is misinformed in thinking this generation doesn't have wealth yet, says TD Ameritrade's George Tamer.
Newly bereaved spouses can face a host of unfamiliar financial issues, and older women are at particular risk. Here are a few specific ways that advisors can help.
Morningstar's recognition goes to funds boasting high returns and smart trading.
Bob Kerrey, a former U.S. Senator and governor of Nebraska, says that people who have Social Security as their only source of income need more help: Plus, cheap oil prices won't cause your 401(k) to crash.
Reducing taxes by using previous capital losses to offset current investment gains and why raising the capital gains tax should be considered.