Portfolio

The new fund, expected to begin trading next quarter, will carry an expense ratio of less than half the new actively managed offering.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

Firms affiliated with the broker-dealer can access the software for free through AdviceWorks.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.

After a waiver, required minimum distributions from certain retirement accounts — including traditional IRAs and 401(k)s —return for 2021.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.