Organization Root Tag

The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.

The Office of the Comptroller of the Currency says JPMorgan Chase’s fiduciary unit lacked sufficient controls to manage risk and avoid conflicts of interest.

As some firms closed their doors, the regional BD saw a selling point for new recruits and existing FAs in a different approach.

Far from commoditized, digital advisors' performance varies widely, according to new research.

“Financial advisors typically don’t speak athletes’ language, so athletes and entertainers gravitate toward those people who do,” said former Chicago Bears defensive end Adewale Ogunleye.

The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.

Existing regulations that protect investors and deliver clarity to the industry must be preserved by the incoming administration, writes Financial Services Institute CEO Dale Brown.

Disclosing such information is rare in wealth management, but long overdue, says Andy Sieg.

Necessary new approaches include better cultural understanding, more flexibility for new entrants and more outreach, advisors and executives say.

Two women employees at the firm’s Newport Beach, California office say they were demoted after reporting instances of bias and harassment.

The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.

The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.

The top 20 have delivered overall outperformance. However, their gains come with fees more than twice the industry average.

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.

In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.

It’s another big get for a bank that has been busily luring away top talent from the wirehouses.

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

Whether the law changes next year or in 2025, wealthy clients can save by using the generous provisions now.

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.