Organization Root Tag

Regulators took the wirehouses to task for not having policies directing advisors to consider clients' best interests.

The Malvern, Pennsylvania-based asset manager was dinged by the SEC, which said it made misleading statements to some retirement savers.

The longtime Goldman exec was given a lucrative retention bonus (vesting in 2030), as was John Waldron, Goldman's president.

The case reflects the extent of industry efforts — and failures to enforce — guidelines such as customer identification programs.

Executives say the Bank of America subsidiary likely benefited from clients in 2023 seeking a safe harbor from teetering regional banks.

The investment banking giant has been the subject of regulatory probes regarding the way it vets prospective clients. So far, that's not driving away potential clients, executives say.

CEO Ted Pick said nearly half of net new assets Morgan Stanley brought in last year landed in fee-generating accounts — and that's right where he wants them.

The regional giant reported $2.2 trillion in client assets last year, despite seeing its net new flows decline.

The number of financial advisors at America's biggest bank dropped slightly from last quarter but was still up from last year.

Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North Star."