Industry

Firms founded by Jason Wenk allegedly failed to oversee a former advisor accused of investing clients in unregistered securities.

Advisors typically take most of their clients with them when they go independent, but not all of them do.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

The changes follow new leadership of the bank’s recently unified wealth management operations.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

The firm's offerings will include a discount self-directed investing service, a team-based “virtual” advisory business and full-service financial advisors.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

Many financial advisors aren’t aware of serious conflicts of interest affecting the majority of retail clients, Northeastern University Professor Nicole Boyson says in a Financial Planning Podcast.

Shares of the bank have touched a 10-year low.