Industry

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.

Current billing systems present a number of compliance oversight issues for larger financial institutions, says co-founder Alan Moore.

Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, the firm said.

The regional BD’s new advisors managed a total of $225 million in assets at Wells Fargo and Merrill Lynch.

The regional BD started its 2019 recruiting year with a bang.

The division’s chief investment officer and head of multi-asset solutions will take over in the interim as co-heads.

The proposed regulations also provide guidance for taxpayers who hold interests in regulated investment companies.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.

As the SEC furloughs workers, the consequences are rippling across the entire wealth management industry.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.