Dan Shaw

Lawyers allege the 92-year-old victim's daughter begged Schwab to freeze her mother's account, but to no avail.

The groups managing hundreds of millions are coming over from Merrill, Northwestern Mutual and Wells Fargo.

The private equity-backed firm's acquisition of Levy Wealth, with its more than $1 billion under management, falls in line with the trends driving industry consolidation.

DNA Behavior's onboarding tool creates digital proxies of clients to determine behavioral finance traits.

LPL presses forward with deals that have made it one of the fastest-growing firms in recent years.

Lawyers note the kinds of grievances the firm allegedly withheld are what potential clients look at when choosing advisors.

Schwab vehemently denied allegations that it mishandled clients' uninvested cash, calling the putative class action just the latest in a series of "unsound, copycat lawsuits."

Industry groups see the new AML requirements as unnecessarily redundant and burdensome on small firms.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

The wealth management giants join their rivals Wells Fargo, Morgan Stanley, UBS, LPL Financial and Ameriprise in being accused of using uninvested cash in advisory accounts to boost their bottom lines rather than benefit clients.

The arbitration decision comes more than a year after SW Financial was expelled from the industry for violating Regulation Best Interest.

UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."

Analysts say that firms that are forced to start paying clients higher rates may have to raise their advisory fees and cut costs to make up for the revenue losses.

One of the most successful recruiting firms in recent years, LPL again finds happy hunting grounds at its rival giant in the independent brokerage channel.

The new rule comes after advisors had expressed concerns about personal safety and data privacy.

The deal marks the fourth purchase for CW Advisors since a private equity firm bought a majority stake in it last year.

Industry experts say they can't recall another time when an advisory firm has used a lawsuit for a wholesale indictment of a rival's recruiting practices.

An LPL independent contractor accuses the firm of not doing enough to stop salacious remarks directed at him that started after a top Bank of Springfield executive learned he was gay.

Regulators have been working their way steadily down from the biggest players in the industry to regional firms in their quest to stamp out abuses of "off-channel" communications.

The Swiss banking giant said a planned change to its yields on clients' uninvested cash will take a $50 million bite out of its net profits.