Industry

With investors increasingly moving to lower-cost, passively run funds, the firm says it plans on countering the resulting record redemptions by merging with Henderson Group.

It's unknown how many of Scottrade's 1,000 brokers and 800 RIAs will ultimately be part of the new firm

The new recruits come from Morgan Stanley and Wells Fargo Advisors.

The online platform deal is the Canadian bank's latest move to strengthen its wealth management business and grab more wealthy American clients away from traditional brokerages.

One of the sanctioned advisers has 26 disclosure events listed on his FINRA BrokerCheck record while remaining in good standing with Ameriprise.

Will RBC's Christopher Vollmer, the current No. 1 on the regional ranking, return to the newest list? Or will a new young professional take the top spot? Advisers now have more time to join this elite group.

Tibergien: RIA valuations will sink. Seivert: Financing for deals will be just fine.

Why one asset manager says the high alpha of an equity long/short hedge fund may outweigh the cost benefits of similarly structured mutual funds.

Prosecutors served a warrant seeking names of employees who opened unauthorized accounts, as well as the bank’s fee structure and a calculation of losses suffered by affected customers.

"Optimizing choice for our clients … is critical to how we operate as a firm," CEO James Gorman said during an earnings call where the wirehouse reported net revenue was a record $3.9 billion last quarter.