Finance

Meanwhile the firm's newly reorganized wealth and asset management arm offered a couple of record numbers in an otherwise dark period for the megabank.

The wirehouse reported a record fourth-quarter growth of 8,500 net new households and said it planned to hire advisors at a 3-4% rate over the next five to 10 years.

The megabank set aside more than $1 billion in reserves as it confronts mixed economic signals and keeps adding more teams to its wealth ranks.

In a transaction highlighting complex dealmaking at the start of 2023, Parallel Advisors acquired a firm then added a capital partner.

Behind the broker-dealer regulator's proposed changes to its system for resolving disputes lies a lawyer's long-simmering feud.

From professional goals to personal objectives, it's time for a change.

From the rise of direct indexing and private equity, to the reinvention of brokers, these were the stories that made the covers out Financial Planning over the last year.

Government watchdogs propose more oversight amid collapse of crypto and falling markets.

The Wall Street regulator's Regulation Best Execution would require firms to go to extra lengths to ensure they're getting the best deals for customers.

The Mills family, which recently sold its stake in Medline Industries, has created Council Ring Capital to manage its fortune.

Regulators are taking the first step towrard the most widespread revamp in more than a decade in the way that stocks are traded.

For one financial planner, a client's behavior surfaces questions of marital trust and possibly a gambling addiction. Is it time for outside help?

Most seniors wish they'd prepared better for their golden years. Here's how they can retire without looking back.

Choreo's agreement to buy the wealth management arm of a major accounting firm reflects how CPAs and other tax pros have emerged as a key focus area.

Will Wilson brings significant experience to Galway Holdings, including being a former NFL agent and executive familiar with the financial side of sports.

Founder Toussaint Bailey seeks to deploy "a direct indexing experience in the private markets" toward areas such as education, small businesses and sustainability.

Falling stock values pushed down client assets, even as the smaller base of brokers took in a higher amount of incoming holdings than a year ago at this time.

Revenue, users and accounts are up for the tech firm. But company leaders are already thinking about the future.

Taking the prize in annual installments over 29 years, rather than all upfront, dramatically increases the windfall. Lottery victors with seven-figure winnings can also reduce their tax bill.

The RIA aggregator tacked on an additional $21 million in annual revenue through just two of the transactions.