Industry

A former engineer claims he was “routinely harassed and discriminated against” by the custodian and its management.

The two companies have deep ties and are now formalizing the bond.

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.

Startup Breakaway Bookkeeping & Advising is building a network of finance professionals to act as virtual CFOs for small-business clients.

The advisors are based in Florida, while the new executive will oversee the New York tri-state area.

U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance.

In a sign of long term changes and pivotal questions for the industry, the difference between the amount of fees and commissions in the sector has nearly doubled.

Advisor Antoine Souma, who leads the group, had been with the wirehouse for just four years.

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

One recruit left an IBD to join the wirehouse.