Industry

The bank, which has made wealth management its central focus, plans to charge its Swiss clients an annual fee of 0.6% on deposits of more than 500,000 euros.

Danny Ludeman had worked at the wirehouse from 1999 to 2014.

One team wanted more flexibility and time to manage their clients’ financial needs.

The new recruits join the firm’s employee channel from both wirehouses and the independent space.

The next big institution is going after fintech, but there’s still a long road ahead.

CEO Philip Sanders admits the past two years of the segment’s overhaul have been “a grind,” but he says it’s now ready to grow.

The stark figures show that only about one-sixth or fewer of the sector’s financial advisors are women.

The two advisors will name the team’s practice after their shared experience working for the military.

Rather than learn from the mistakes exposed regarding false listings of advisors’ “fee-only” status, the board doubled down on looking the other way.

The firm didn't disclose its conflicts of interest in receiving over $100 million in revenue sharing from mutual funds over nearly five years, the SEC says.