Organization Root Tag

“Q3 2016 is the eighth successive quarter of 30 or more transactions,” says David DeVoe, managing partner at DeVoe & Co.

Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2 million phony accounts.

One recruit started in the industry more than two decades ago.

It's unknown how many of Scottrade's 1,000 brokers and 800 RIAs will ultimately be part of the new firm

The new recruits come from Morgan Stanley and Wells Fargo Advisors.

The online platform deal is the Canadian bank's latest move to strengthen its wealth management business and grab more wealthy American clients away from traditional brokerages.

One of the sanctioned advisers has 26 disclosure events listed on his FINRA BrokerCheck record while remaining in good standing with Ameriprise.

The bank ignored fees on structured notes, and clients may have been shortchanged, a consultant says.

Third-quarter revenue from brokerage and trust services fell 8% and 7%, respectively, from the same period last year. Both units, however, boosted assets under management.

Tibergien: RIA valuations will sink. Seivert: Financing for deals will be just fine.

Why one asset manager says the high alpha of an equity long/short hedge fund may outweigh the cost benefits of similarly structured mutual funds.

The regulator proposes new rules to protect aging clients.

Money from brokers and RIAs accounted for about 50% of Vanguard’s $225 billion in inflows this year.

Prosecutors served a warrant seeking names of employees who opened unauthorized accounts, as well as the bank’s fee structure and a calculation of losses suffered by affected customers.

"We don't measure that. We don't set quotas," Richard Davis told analysts while reporting strong revenue and profit numbers for the bank's wealth management businesses.

The wirehouse agrees to pay a $2.8 million fine after the regulator discovers the bad reporting went on for years.

Paul T. Lebel excessively traded shares that carried large front-end loads and "willfully disregarded the customers' interest," the agency said.

A $2.2 billion Morgan Stanley team's move to independence shows how breakaways use shell companies to take advantage of the legal pact, and why more than 1,500 firms have signed on.

Even though the bank has great confidence in the processes it built, it nonetheless is "re-reviewing everything it's doing," says the bank's CEO.

The firm's digital advice service, to be piloted in early 2017, is a bid to give RIAs unprecedented scale.