Industry

A recent report about bad incentives for brokers "did not accurately reflect how we do business and serve our clients," said Jon Weiss, head of wealth and investment management.

Instead of thinking about fiduciary purely as an obligation or regulation, advisors should envision it as something much bigger: a way of life.

Merrill Robertson Jr. had previously been sentenced to 40 years in prison in a separate criminal case.

The Justice Department disclosed a felony probe the day before the broker’s termination.

A new survey finds that investors prize full and upfront disclosures about fees and conflicts of interest, but advisors fall short.

Planner Greg Phelps, one of the project volunteers, survived the shooting by sprinting across the concert grounds while bullets slugged into the ground.

Clients were allegedly steered into investments maximizing revenue for the bank and employees.

Many of the trades should have triggered market manipulation concerns because they involved companies that were barely operating but engaging heavily in promotional activity, the SEC says.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.

The new hires say they were drawn to the firm’s investment platform, product offerings and investment diversification.