China's securities regulator has approved the creation of three new mutual funds in an effort to bolster the country's sagging stock markets, the Xinhua news agency reports.New Century was approved for a stock fund and Lion and Changsheng were approved for funds that can have a stock/bond mixture.China's benchmark index Shanghai composite closed at a seven-month low of 3,962.673 on Friday.
Ron Kruszewski led Stifel through a year that saw record revenue and strong advisor recruiting, but also a string of legal setbacks.
A three-judge panel on the Fourth Circuit Appeals agrees with Merrill that its deferred compensation policies are a bonus used to reward brokers for loyalty to the firm.
The annual Diamond Consultants advisor transition tracking study identified the winners and losers of 2025. But it also noted how quickly things can change.
Compensation differences between wirehouses and regional firms become pronounced at the $2 million production level, with regionals rising to the top of the pay scale and wirehouses grouping together at the bottom.
A report from the industry tracking-firm DeVoe & Co. finds that 2026 is off to the strongest start for RIA acquisitions ever and broker-dealers like LPL are among the main purchasers.
While the megabank had previously announced an executive shakeup, it revealed that Pershing is part of a newly combined business line moving forward.
