Industry

The head of the IRS’s small business unit said his division expects to move from focusing on audits of small corporations to partnerships.

Switzerland’s third-largest wealth manager said its gross margin declined as it absorbed Merrill Lynch businesses it agreed to acquire from Bank of America last year.

The firm is seeking regulatory approval to make financial advisors dual employees of its bank subsidiary in addition to the broker-dealer as it increases mortgage lending, a person briefed on the matter said

The firm alleged a former broker breached the terms of his contract when he left the firm just over two years in.

A group of former Morgan Stanley directors is hoping their new start-up will let them capitalize on the industry’s aging demographics.

It looks like the CFP Board of Standards isn’t getting into the business of becoming a continuing education program provider -- at least for now.

BNY Mellon Wealth Management made two senior hires in Boston and San Diego that are part of its recruiting campaign to increase its sales force by 50% by the end of next year.

Activities unfolding within 3 separate industry rulemakers -- the SEC, FINRA and the Labor Department -- suggest changes ahead for both brokers and advisors.

The bank nabbed the assistant research director of GE Asset Management to lead the U.S. equity portfolio team.

New registrants with the SEC or veteran advisors who haven't been examined in many years can expect to hear from regulators in short order, a prominent securities lawyer told attendees at Schwab Impact conference.