Dan Shaw

The top executive at BNY Mellon's custody and clearing subsidiary sets his sights on enabling advisors to spend less time doing mundane tasks in the "swivel chair" and more working with clients.

The nine-person team specializes in working with ultrahigh net worth clients, including private equity partners and company executives.

Regulators promise to pay special attention to how firms are using technology to not only guide investments but also to protect client data.

Company executives also called attention to the firm's new wealth management system, Wove.

Morgan Stanley's wealth management inflows slow in third quarter

The leaders of the group specializing in serving high net worth families were seeking to run their business entirely on a fiduciary basis.

The Wall Street giant is staggering under its plan to shift back to serving primarily the ultrawealthy.

The banking and brokerage firm's income also suffered from clients moving money into high-interest-paying money markets.

The banking giant also reported a whopping 36% increase in net income for its banking and wealth management unit.

Planners tout advantages of IRAs, equity investing and delaying retirement for clients worried about inflation.

Firms and industry groups warn that the regulator's proposal for reining in robo-advisors and sophisticated investing algorithms would step on their fiduciary duties and Regulation Best Interest.

The Wall Street giant is seeking to enforce contract clauses meant to keep former employees from working for rival firms or reaching out to clients for six months.

Industry recruiters say offers of shares in advisory firms are hard to value.

FINRA booted Scott Reed from the industry after he went outside his firm to raise money for a software and web development firm.

The Wall Street giant's private bank contends it had advised the plaintiffs against concentrating their money in risky investments.

Perella Weinberg's self-reporting of violations led to a much smaller fine than those imposed on other firms.

Former SEC lawyers say regulators are now likely going through their cases and deciding which are emergencies worth pursuing even if the agency's staffing is severely reduced.

The SEC also alleges the firm's founder invested clients' money through a fund that employed his wife without disclosing the conflict.

The firm stood accused of not having policies to ensure clients' money was invested in keeping with environmental, social and governance goals.

It's not all hard luck and even harder times in country music. Sometimes the songs are about making money — and they can offer some sage advice on what to do with it.