Organization Root Tag

Net interest income, the firm’s biggest source of revenue, sank 16% last year.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

“This looks like pockets of frothiness, some irrationality undoubtedly, some nonsense undoubtedly," said BlackRock Vice Chairman Philipp Hildebrand.

The margin requirements apply to Merrill Lynch wealth management clients and individual traders using the Merrill Edge platform.

The systems are expected to be updated by the end of April, following calls from financial advisors on social media to make a change.

The increase comes as the recruiting market heats up.

The skewed allocations “may significantly change fund performance and use case suitability until rebalance dates,” analysts say.

“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.

The looming threat for Biden’s SEC pick is that the good times could end on his watch, triggering a crash that hits retail investors who’ve contributed to the boom.

The central bank’s policy-making body repeated it would maintain its bond-buying program until “substantial further progress” toward its employment and inflation goals has been made.

The 2,500-advisor firm is sneaking up on larger rivals by adopting an approach that’s increasingly popular across wealth management.

Strong 2020 returns have given a boost to the Swiss bank's new CEO, Ralph Hamers, whose start has been overshadowed by a Dutch probe into his role in a money laundering scandal at his former employer.

The firm hopes the software will help firms tap into growing demand for sustainable investing.

The 20 funds in this ranking carried an average expense ratio of more than twice the broader industry.

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.

The new recruits build on the 43 advisors Janney added last year.

Some advisory firms have already started narrowing their lists of funds considered eligible for retirement plans based on Trump’s decision to overhaul ERISA.

One of the largest wealth managers aims to attract more teams out of the crop of nearly 7,000 advisors leaving employee-channel firms each year.

The firm pivoted away from an aggressive hiring strategy in 2016 and has seen a substantial drop in costs associated with picking up experienced talent.