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Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies to better gauge which changes in consumer behavior will stick.

Three out of the top four RIA custodians compete directly with their RIA clients through their networks of branch offices and call centers.

The bullion rally has shown signs of losing momentum as economies reopen.

Frank Scott is the mayor of Little Rock, Ark.

Francis X. Suarez is the mayor of the City of Miami.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

Katelyn Sullivan is head of partner development at OnPay.

Todd Barstow is vice president of payment solutions for GK Software USA.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.

It’s the latest team to exit the wirehouse as profit suffers.