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Here's what you missed this week in wealth management.

Each member of the four-person team is under 40 years old and they have a combined 40 years of professional experience.

The New York-based advisor is accused of defrauding at least 56 investors.

The company joins others boosting salaries in the wake of the COVID-19 pandemic.

The case for better aligning default options with income needs is undeniable. But how can we best implement these choices?

(Bloomberg Opinion) — More than 100,000 people who used to work or live in New York State have received notices from the tax department questioning them about their whereabouts last year and asking why they paid less to the state than they have in years past.

Pay for industry professionals has increased much faster in some parts of the country than it has in others.

In a rebuttal to the Board’s recently installed director of enforcement, John H. Robinson says Tom Sporkin is delivering more organizational spin at the expense of transparency and consumer interests.

The deal also marks the latest expansion of Goldman’s European operations.

The number of accounts with balances of at least $1 million grew 84% year over year, while the number of seven-figure IRAs jumped more than 64%.