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Though the firm's revenue growth was tepid, the advisor ranks at the wirehouse expanded by 187 advisors, according to Bank of America which reported second quarter earnings for its wealth management unit.
July 15 -
J.P. Morgan Private Bank and J.P. Morgan Securities managed a 6% year-over-year increase to its top line, despite a decline in the number of advisors.
July 15 -
Advisors failed to win FINRA arbitration case for compensatory damages in excess of $5 million for a number of grievances.
July 15 -
BlackRock, the worlds largest money manager, said second-quarter profit rose 1.4 % as it attracted money into higher-fee products including active funds and ETFs.
July 15 -
Actively managed ETFs are surging in Canada, expanding a market already dominated by iShares and posing a challenge to the mutual-fund industry that has among the highest management fees in the world.
July 15 -
Only 22% of affluent investors say they are familiar with what a robo advisor is, according to a new poll.
July 15 -
A man accused of being part of an insider-trading scheme, and whose alleged co-conspirators include an ex-Morgan Stanley broker, will avoid paying a fine in settle SEC claims.
July 14 -
President Barack Obama announces a renewed push for laws to help clients save for retirement; Plus, the three worst states for clients to retire and what happens when you take out a 401(k) loan.
July 14 -
After announcing 11% growth in net income for the wirehouse's brokerage unit, Wells Fargo executives told analysts that they are thinking of launching a robo advisor.
July 14
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Wells Fargos independent channel lands four recruits, including a husband-and-wife team.
July 14
