Organization Root Tag

Heirs of IRAs and 401(k)s won't need to take annual distributions before cashing out within a decade of receiving the plans, the agency says.

The self-clearing custodian has unified its broker-dealer and RIA segments under one division at the company.

More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.

While some jobs such as trading are more suited for an office setting, CEO Bill Stromberg says technology and programming roles can be better handled remotely.

Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.

The prospect of going back to the daily grind is going to be “a really tough pill for a lot of people to swallow,” an expert suggests.

Despite a competitive fight among wealth managers for advisors, clients and industry AUM rankings, most practices are very small businesses — and some advisors want them to stay that way.

It’s a significant pivot for the robo advisor, which has historically advocated passive, ETF-driven investing.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.

The firm slimmed down its headcount slightly, even as it saw an uptick in advisor-related revenues from fees and asset management.

The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

Aside from their rock-bottom fees, those with the largest gains have at least one commonality: asset allocation.

Constantinos Maniatis exercised discretion in seven customer accounts despite the firm no longer allowing discretionary trading, the regulator said.

The policy issues grow more urgent every year, but lawmakers haven’t passed any significant legislation for nearly 4 decades.

In the annual rankings, retail brokerages struggled to keep up with surging investor demand.

The firm’s recruiting is also gaining steam, despite the ongoing impact to its bottom line from low interest rates.

JPMorgan’s CEO said in a memo that he expects “all U.S.-based employees will be in the office on a consistent rotational basis” by early July.

The 20-advisor team left Advisor Group’s Securities America for the private equity-backed holding company’s independent subsidiary, Cadaret Grant.

The Swiss bank added a sprinkle of new US advisors for the first time in years, amid record quarterly profits and plans for global job cuts.