Finance

As CAIS launched a new advisory firm to simplify alternative investments for financial advisors and their clients, experts at the firm's summit discussed how to get clients more comfortable with the asset class.

The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking.

The largest deal ever for the private equity-backed, fee-only RIA will send it to new heights across 23 offices and 750 financial advisors and other employees.

Jane Fraser and other Citi execs point to the wealth unit's 9% bump in revenue and 24% increase in investment assets as signs that the firm's recent overhaul is working.

A margin of 46% for the unit housing the giant clearing and custody firm may console executives who say the First Republic deconversion "is now largely behind us."

Merrill and Bank of America Private Bank report starting 5,500 new client relationships in the third quarter, more than a third of which came through recent graduates of its training program.

The firm's stock traders recorded their best quarter in more than three years, on track for their best year ever.

Funds managed by Stone Point Capital are buying back the majority interest in the independent wealth management firm with 1,700 financial advisors.

The firm reported $90.8 billion of total net new assets in the quarter, an 88% increase on the same period a year ago.

JPMorgan reported a gain in net interest income for the third quarter, surprising many analysts.

Third-quarter results from Wells Fargo surpassed most analysts' expectations, thanks to surging investment-banking fees.

Among the proposals the Biden-appointee still has to shepherd across the finish line are rules for eliminating conflicts from AI recommendations and cybersecurity requirements for advisors and broker-dealers.

Leaders at FINRA, Fidelity and ACA Foreside discussed the steps they take to safely market new investment products like ETFs and cryptocurrencies on social media and other platforms while staying in compliance with advertising regulations.

Assets held by exchange-traded funds in the U.S. hit $10 trillion for the first time as the investor-friendly products continue their Wall Street takeover.

Four financial advisors and other experts speaking at last week's Future Proof conference shed light on the intersection of the wealth and accounting fields.

Lower interest rates are just one of many factors weighing on the $1.7 trillion market for private debt.

Racquel Oden, HSBC's head of wealth and personal banking in the U.S., talks about how to guide clients through a year of political and economic upheaval.

Leaders from Envestnet, J.P. Morgan Asset Management and Dimensional Fund Advisors discuss how technology has made it both easier and yet more challenging for advisors to manage portfolios on their own.

Large exchanges argue some of the changes could make it more costly for them to offer rebates to brokers in return for order flow.

Fintech startup Intelligent Alpha has launched a chatbot-powered ETF that claims to harness the investment brainpower of Warren Buffett, David Tepper, and more.