Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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With interest rates likely to level off, wealth managers who leave their clients in cash could miss out substantial long-term gains.
November 8 -
Even with an exodus from the acquired firm, the Zurich-based bank managed to pull in $22 billion in net new client money in the third quarter.
November 7 -
NASAA, PIABA and stock exchanges argue the demise of the self-regulator would leave an unfillable hole in securities regulation.
November 6 -
Despite recruiting efforts, firms have struggled to bring in new blood, making retention more important than ever.
November 3 -
The inquiry into Wells Fargo comes at a time when clients can often secure much better rates of return through money markets and certificates of deposit.
November 2 -
Legal experts think these challenges to the agency's constitutionality, virtually unthinkable a decade ago, now have a chance of success.
November 1 -
Some think the firm needs to become better known if it's to reach its growth goals.
October 31 -
A well-known business owner and advocate for the elderly now stands accused of stealing $2.25 million.
October 27 -
Chairman Gary Gensler draws attention to high-profile cases over WhatsApp and other messenger communications as well as the need for crypto regulation.
October 26 -
The firm's total advisor headcount holds steady while its assets under management swell to $816 billion.
October 26 -
The firm's bottom line took a one-time hit from legal expenses even as it recruited advisors and added to its assets.
October 25 -
A new report by the investor advocate bar finds most brokers seeking purges of past customer complaints go unchallenged by securities watchdogs and aggrieved clients.
October 24 -
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.
October 20 -
The nine-person team specializes in working with ultrahigh net worth clients, including private equity partners and company executives.
October 20 -
Regulators promise to pay special attention to how firms are using technology to not only guide investments but also to protect client data.
October 19 -
Company executives also called attention to the firm's new wealth management system, Wove.
October 18 -
Morgan Stanley's wealth management inflows slow in third quarter
October 18 -
The leaders of the group specializing in serving high net worth families were seeking to run their business entirely on a fiduciary basis.
October 17 -
The Wall Street giant is staggering under its plan to shift back to serving primarily the ultrawealthy.
October 17 -
The banking and brokerage firm's income also suffered from clients moving money into high-interest-paying money markets.
October 16
