The Latest

Jason Downs is a partner in Hogan Lovells Cadwalader's Disputes practice group in Washington, D.C., where he co-leads the firm's State Attorneys General practice. He has nearly two decades of legal experience, including seven years at the Public Defender Service for D.C. and a term as Chief Deputy Attorney General for D.C. He focuses on state AG investigations, white-collar matters, and ESG issues.

Mark Fleming is chief economist and a senior vice president with First American, which provides title insurance and settlement services.

Industry experts say custodial firms' services have largely become "commoditized." The acquisition of Altruist opens the door for Vanguard to have cutting-edge services related to tax planning, cash sorting and more.

More than half of the independent brokerages participating in this year's IBD Elite study declined to disclose the share of women among financial advisors at their firms. Those that did provide data have done more to advance women than many of their rivals in the independent brokerage channel of wealth management.

What's next for banks' wealth management aims? Ida Liu, CEO of HSBC's Private Bank, sits down with American Banker Editor-in-Chief Chana Schoenberger to discuss her strategy , what her clients are asking for, and how technology is changing the role of the high-net-worth wealth advisor.

Shaun McDougall is head of consumer banking at First Horizon Bank.

The purchase will give Vanguard access to Altruist's custody platform and wealth management technology.

Young financial planners weaned on sports betting and prediction markets must lose their quick-reward mindset to build long-term financial plans, says a professor at Rutgers Business School.