Practice

Regional brokerages and firms that assist breakaway advisors have been picking off top talent at the wirehouses.

One of the regional firm's new hires had a previous career as a minister in Louisiana.

The regional broker-dealer added four new advisors to the 32 recruits picked up this year alone.

“You can’t serve the public if your employees are shellshocked,” said one top banker, comments echoed by other institutions dealing with the aftermath of Hurricane Harvey.

The regional firm has been a recruiting tear, picking up a number of ex-wirehouse teams.

Fifth Third Bank tweaks microinvesting premise with software that rounds up debit card purchases to help pay back educational loans.

Attorneys are preparing written objections to the settlement, which they may file in the next 15 to 30 days.

Contrary to industry chatter, the new standards will likely benefit advisors working with actively managed funds, Michael Kitces writes.

The SEC's June 2016 settlement with Merrill Lynch was one of its biggest cases of the year by dollar amount.

Giving securities that have appreciated in value allows investors to claim a deduction and avoid capital gains taxes if they opt to sell the shares.