Finance

The company didn’t look into the incident carefully before firing Amy Cooper the following day, the suit says.

The bank has been working with tech companies to rewrite algorithms that can take advantage of forthcoming quantum machines sooner than originally thought, to price derivatives, calculate risk and use machine learning.

While several analysts are bullish, not all are convinced of the Canadian asset manager’s newfound strategy.

The investment manager is part of a $50 million fundraising round in the wealthtech startup

During first quarter earnings last month, the bank said that it would take a $300 million restructuring charge related to the cuts in the second quarter.

Real interest rates, which protect from inflation, have fallen in recent years, making it more expensive to finance future spending, Allison Schrager writes.

“There are a lot of inflationary forces in the market right now as we’re reopening,” says the bank’s head of wealth management.

“Some assets are cheap for a reason,” an expert says.

The bank and asset manager has filed for four exchange traded funds in recent weeks, and its strategy for distribution starts with RIAs.

It’s the 14th RIA acquisition for the Canadian asset manager since it entered the U.S. market last year.

After its industry-leading headcount dipped slightly during the temporary ban, the wealth manager plans to offer more resources for incoming recruits.

The RIA completed seven transactions in the first quarter, along with starting a new international venture in partnership with the billionaire Hinduja family.

The tax-focused wealth manager’s parent disclosed lower first-quarter earnings after an eventful period marked by a proxy fight and a reported acquisition offer.

As its advisor headcounts in the W-2 channel have stagnated, Raymond James Advisor Select added a major former UBS quartet.

Home to more than $3 trillion, outperformance among the leaders comes with some caveats.

The company has benefited from a market surge, new investors and an uptick in broker breakaways.

Here’s what managers at some of the largest firms have been discussing and say should be top of mind in the months ahead.

More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.

The firm slimmed down its headcount slightly, even as it saw an uptick in advisor-related revenues from fees and asset management.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.