Industry

Sen. Wyden’s bill would give the benefit to currently ineligible professions while curbing its use by wealthy business owners.

A new high in loan volume and a notable influx of advisory AUM drove the wirehouse’s business to more than half a billion dollars in second-quarter net income.

The deal formally unites Marty Bicknell and Steve Lockshin, two of the biggest names in wealthtech investing.

Firms automating a once little-known investment strategy have become one of the hottest areas for wealthtech acquisitions.

Here's what you missed this week in wealth management.

CEO James Gorman says the company has created something new by adding Solium and E-Trade to its existing force of financial advisors.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.

Raymond James’ advisor employee headcount has remained relatively flat over the last five quarters, while its 1099 channel saw an increase of 3% over the same time period, according to the company’s latest earnings report.