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“Astute RIA leaders recognize that now is an opportunity for growth,” says one advisor.

About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says.

Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.

The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.

If planners can navigate data security and compliance concerns, the app can connect them with a huge new audience.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

The Minnesota-based Falldin-Mattson Group was previously at Morgan Stanley.

It will be the largest bank channel team at the IBD, with its former clearing house Pershing taking a hit.

Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.

The firm allegedly didn't disclose its parent company paid a teacher union entity $10,000 a month “for its exclusive endorsement” as its preferred financial services partner, according to the regulator.