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The largest independent brokerage's four-year-old Services Group generates a level of business comparable to many midsize wealth management firms.
March 1
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The Wall Street bank is leaning into its strengths in catering to the world's wealthiest through One Goldman Sachs, as it pivots away from a messy consumer business that disappointed investors.
February 28
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Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.
February 28
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While Goldman Sachs is still pushing to make its expansion into consumer lending profitable, the bank is also weighing strategic alternatives, CEO David Solomon says. The dueling options reflect the problems that Wall Street giant faces in Main Street banking.
February 28
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Charlie Javice claimed in a court filing that she was being scapegoated for the bank's faulty due diligence and that it was JPMorgan that asked her to come up with "synthetic data" on Frank users.
February 28
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Vince Fertitta, the president of Sanctuary Wealth, shared how the firm won over its most productive wirehouse breakaway team to date.
February 27
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A union with nearly 2 million members and other progressive groups say the four giant investment firms "effectively blocked action" on shareholder proposals.
February 27
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Following Don Plaus's retirement announcement last week, Merrill is moving around longtime veteran insiders to fill his role.
February 27
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The RIA acquirer's private equity deal followed a year of sharply rising profits despite slumping stocks and bonds in 2022.
February 27
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New data from Fidelity Investment shows disparate reductions in account balances for IRAs and employer-sponsored retirement plans last year.
February 26
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FINRA arbitrators approved the expungement of client complaints that had already led to significant payments as the SEC considers a new rule reforming the process.
February 24
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The LifeSync platform could help advisors bring in new clients who are close to existing clients, as well as win over new held-away assets.
February 24
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Goldman Sachs is offering its richest clients access to a fundraising round for Stripe, the payments giant that's trying to raise billions in part to cover a looming tax bill.
February 23
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Don Plaus, a Merrill veteran who oversaw the Private Wealth advisors' expansion in Florida, came from a "modest background" but over a long career, rose to lead teams advising many of the world's richest people.
February 22
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Liquid assets have often ended up at big banks or in sweep programs, which look much less attractive for clients' yields every time the Fed raises interest rates.
February 22
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The company says that regulators are investigating its retention of employee communications over unapproved messaging apps. It's latest bank to get caught up in an industrywide sweep that's already yielded over $2 billion in fines.
February 22
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The move comes after rivals Bank of America and Goldman Sachs Group cut CEO pay, while JPMorgan Chase and Wells Fargo left theirs unchanged.
February 22
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The church agreed to pay $1 million, while its Ensign Peak Advisers paid $4 million, to settle the SEC complaint that they failed to file forms disclosing the church's equity investments.
February 22
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The regional firm said it was offering Instagram Professional to advisors and would roll out YouTube and Spotify podcasting programs later this year to help with client acquisition and retention.
February 21
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A former JPMorgan Chase banker who's now on the run was sentenced to 7 ½ years in jail for his role in a multimillion-pound fraud against the Libyan government.
February 21
