Share prices have risen over the past few days, as hot-stove talk about a possible settlement has turned up. According to a document back in April, Amvescap had set aside $300 million to cover settlement costs relating to its US-based
Invescos woes began last December, when the Colorado and New York attorneys general filed market-timing charges against it. Since then, Amvescap Chairman Charles Brady has admitted that the charges hurt his companys U.S. business.
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Like 2023, 2024 has been good to Edward Jones. The St. Louis-based firm finished the first quarter with higher revenues and more financial advisors on its payroll.
The mammoth coup far outpaces other recruiting deals of recent memory.
Despite the apparent decline, the independent broker-dealer giant remains one of the leaders in advisor recruiting and merger and acquisition deals.
Many factors can influence the timing of a person's retirement, but new research shows nothing comes close to health problems.
More than a third of financial advisors will retire in the next decade in a profession in which nearly 3 out of 4 rookies fail to make the grade, creating a headcount problem for the industry.
Advisors and other leaders in the profession have a unique window into what "wealth" really means. Here's how they defined it.
