Finance

The company’s second-quarter earnings showed a drop in advisors and client assets even as increases in interest rates and loan balances drove profits higher.

In a quarter filled with economic and geopolitical uncertainty, the New York investment firm’s digital consumer bank achieved record-high revenues. Executives have said they plan to drive up revenues in that segment to $4 billion by 2024.

The number of advisors in the bank’s wealth management business hasn’t grown since 2020. But that didn’t stop the firm from banking a few new records.

Firm leaders said the fine relates to broad investigations by the SEC and CFTC regarding employees’ use of unapproved personal devices.

BlackRock's Head of Municipals Peter Hayes lays out the muni landscape for the rest of the year, highlighting opportunities for the asset class after the severe volatility so far in 2022.

The megabank’s CEO says consumers are “in great shape,” even though many fear a recession is on the horizon like a gathering storm.

Storing oil, gold and grain costs a lot of money, which is why they're great for trading but terrible as a long-term investment.

The ultrawealthy are throwing money into private equity funds as some institutional investors approach their allocation limits.

From Elon Musk to Jeff Bezos, the world's wealthiest men have lost a ton of money this year. They're still wildly rich.

From childhood memories to "finish lines," advisors can learn a lot about how their clients think about money.

The private equity-backed firm and other giants of the industry are deploying their capital across new and existing lines of business.

With long COVID a major theme, lawmakers discussed how to increase access to financial services for people with disabilities.

UBS Head of Sports and Entertainment Wale Ogunleye is sharing best practices for advisors who assist stars in managing their requests for financial support.

The wealth managers respectively recapitalized as the spigots of capital keep expanding in the industry, even amid signs for concern in the larger economy.

Wall Street's most complex derivatives are getting a green label. What could go wrong?

Use the “head fake” market rally to reduce interest-rate risk in your clients’ portfolios before the Fed rejoins the inflation battle.

There are signs that the firm’s headcount slippage is slowing, but that may account for reduced earnings due to higher compensation costs.

Higher fees, illiquidity and lack of transparency raise questions about suitability.

The New York-based wealth management firm has a twist on a common definition of growth.

The tax-focused wealth manager ushered in 85 new financial advisors and record net new advisory assets in the first quarter.