Organization Root Tag

Several of the largest moves this year show top talent is looking beyond traditional choices.

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

The asset manager co-founded by Bill Gross has suffered internal turmoil since his departure in 2014.

Two firms were fined over $100,000 for not disclosing nearly $5M in loans to clients.

Firms and brokers would contribute to a pool to compensate investors who were defrauded but are unable to collect, according to one recommendation.

The Birmingham, Ala.-based bank generated $103 million in second-quarter revenue from its brokerage, trust and insurance operations, up 6.2% year-over-year.

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.