Practice

The program should do more to help the economy adapt to post-virus realities, writes economist Michael R. Strain.

Some advisors say they’re busier than ever in the last weeks of 2020.

The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.

The new additions join a set of big hires at the wirehouse.

The UHNW unit signed advisors managing a combined $3.7 billion this year and committed to maintaining a physical presence in its New York headquarters.

LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.

The revelation is buried in an SEC enforcement action that accused Robinhood of hiding for years how it made the bulk of its revenue.

The popular trading app omitted information about its payment for order flow practice, the regulator says.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

The firm has about 200,000 staffers doing their jobs from home, a spokesman said.