Portfolio

The unit has $603 billion of assets under management and employs more than 450 investment professionals.

Prior to the deal, the company had been making deeper forays into traditional wealth management custody.

The fintech firm says use of the loans grew 10% last year among its client base.

The transaction, which could be announced as early as Monday, will be valued at $4.7 billion, according to people familiar with the matter.

The dispute highlights the complicated nature of non-solicitation carve-outs when advisors switch firms.

Naked short selling is one possible cause.

Both were adamant with House Democrats that their businesses have helped small-time investors access markets that were long the domain of Wall Street.

In the early part of the last decade, critics’ angst focused on how dark pools were siphoning business from Wall Street. Then came the pandemic.

Despite early withdrawals, U.S. employees managed to save more for retirement last year.

New account signups at the Chinese-owned brokerage were 1,548% higher than the seven-day average in January.