Industry

The bank created a new unit that houses its Marcus online lending business and credit-card venture with Apple.

The changes are the firm's latest steps in a broad reorganization of its wealth management business since it hired Iqbal Khan from rival Credit Suisse.

For starters, wage income earned by those working past their full retirement age can boost tax bills and medical insurance costs.

Rivals will be waiting to seize on any changes that may irk some 4,400 representatives poised to operate under a new parent IBD network.

The record level of transactions — as well as long-term industry shifts — often prompt advisors and other wealth management professionals to assess their options.

Mariner Wealth Advisors adds to its string of acquisitions, buying two tax practices.

The advisors left Wells Fargo, signaling Stifel’s recruiting push will extend into 2020.

BlackCrown tried to call foul on Schwab’s anticipated acquisition, asserting it would become an “unlawful monopoly” and stifle innovation in the custodial marketplace.

While advisors have embraced cheaper trades, the move may have long term effects on strategies for client portfolios.

With astute maneuvering, advisors can add money to a clients’ college-fund kitty without jeopardizing financial aid.