Industry

Client acquisition was down compared to 2019, but still higher than in years past.

Firms affiliated with the broker-dealer can access the software for free through AdviceWorks.

To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.

“The sheriff is coming to the preeminent financial regulator in the world,” said Justin Slaughter, a consultant at Mercury Strategies. “It means regulation and enforcement are about to get much tougher.”

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

Even as the numbers improve, Black and Hispanic advisors are still vastly underrepresented within the industry.

Two former FINRA employees are joining the fast-growing brokerage app.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.

The government called the companies’ decision to halt their combination “a victory for American consumers and small businesses.”

Nearly three decades after launching their practice, the two founders say they’re looking forward to spending more time with clients.