Finance

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

Dan Arnold deployed a five-pronged argument for why consolidation is a recruiting boon for the No. 1 IBD.

Close to 80% of strategists cited competition from the mega-managers as their most significant challenge last year.

The Advice & Wealth Management segment added 72 experienced advisors who affiliated in the second quarter.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

The firm isn’t “the high bidder,” and that’s just fine, according to Paul Reilly.

The fintech raised $323 million and is expanding trading of cryptocurrency.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

With markets near certain that the Fed will lower rates this month, debate has shifted to the size of the cut and its impact.