Organization Root Tag

A class action suit against Fujitsu Technology and Business of America and similar cases alleging fiduciary breaches may signal an oncoming wave of litigation targeting small retirement plans.

With more than 15,000 advisers overseeing $1.4 trillion, the wirehouse would be one of the largest entrants into the digital advice space.

Technology changes the way products are priced, bought and sold.

The recruit joined the elite firm's outsourced CIO team after more than a decade at SEI Investments.

The digital platform added $1.6 billion from the first quarter.

Firm had sought to quash lawsuit from two former employees who alleged numerous securities laws violations, hostile work environment and wrongful termination.

Over $14 billion flowed into the low-risk ETF category in the first half of 2016.

The recruit is joining an existing practice, boosting the team's assets to $1 billion, according to the firm.

Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.

A federal court in Texas, which has sided against the DoL in recent cases, is scheduled to hear arguments later this year on whether department overstepped its bounds with new rule.

The approaching milestone represents growth of about 30% in the past 9 years.

Second-quarter profits from wealth management and securities services jumped 56.3% to $100 million from $64 million a year ago.

Second-quarter revenue dipped 9.4% year-over-year, while profits plunged 22.5%.

The number of financial advisers at the firm declines 1% to 15,042.

"Call it an arms race of offerings," says Jonathan Beatty of Schwab Advisor Services.

After predicting a strong recruiting year, Wells' independent advisory arm attracts planners from LPL Financial, UBS and U.S. Bank.

The broad market is rising, but so are the worries. See which cyclical funds have rewarded investors.

For the first six months of 2016, the bank's global wealth management businesses generated $2.9 billion in revenue, flat from the same period last year.

United Capital’s Mike Capelle on the principles that guided the formation of the firm.

"If we don't see better-than anticipated corporate earnings I think the rally will be short-lived," Laurence Fink said.