Jessica Mathews

One thing was made clear at the annual event: There’s more work to be done.

As some firms closed their doors, the regional BD saw a selling point for new recruits and existing FAs in a different approach.

Disclosing such information is rare in wealth management, but long overdue, says Andy Sieg.

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.

Executives provided advisors an update. The company has separately said it cut more than 200 retail branches at the end of last month.

The rule has faced a host of criticism from investors, environmentalists, asset managers and others.

Wealthy clients are the fastest growing segment of the company’s retail division.

Unclear — or no — disclosures were among a number of concerns regulatory officials expressed about initial examinations.

The company said no additional layoffs would take place this year, but it left the door open to future staffing changes at the newly combined enterprise.

Although in-person hearings aren’t banned outright, none have taken place since the onset of the coronavirus pandemic.