Industry

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.

The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.

From the fate of Veo One to account openings, here’s what Schwab’s leaders had to say.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Wealthy clients are the fastest growing segment of the company’s retail division.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

The daughter of a privileged family had everything, until she didn’t. Then the work began.