Client acquisition was down compared to 2019, but still higher than in years past.

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Wealthy clients are the fastest growing segment of the company’s retail division.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

Meanwhile, the wirheouse’s advisor headcount ticks down and recruitment loans drop, again.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.