However, any settlement or litigation "would need to be of a material size for there to be a ratings impact," S&P said. If this should occur, S&P analysts would study the impact "within the context of a firms ongoing franchise and earnings power," S&P said.
It is too early at this point to know whether Spitzers investigation will have a serious impact, the firm added.
Forty-five percent of wealth managers say a disputed presidential election would hurt their business, according to a new Arizent survey.
Citizens Financial said long-time Morgan Stanley leader Paul Casey will spearhead its wealth, private banking units as part of a larger expansion in advisory services.
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
Even as ETFs in general enjoyed a bullish month, some funds lost billions of dollars. Here are the bottom 20.
It's that time of year again. Here's how to nominate a colleague — or yourself — for Financial Planning's Rising Star awards.
