Banco Popular de Puerto Rico

The Wall Street giant struggles amid plans to rely less on its own balance sheet and more on fees from managing others' investments.

BNY Mellon's chief financial officer said that the custodian nonetheless has some "quite exciting" announcements in the works for later this year.

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Advisors identified the SEC's new marketing rule as the "hottest" regulatory topic for the third year in a row.

Meanwhile the firm's newly reorganized wealth and asset management arm offered a couple of record numbers in an otherwise dark period for the megabank.

The wirehouse said it was on track to achieve $10 trillion in AUM in the next several years and expected the most growth to come from its corporate retirement channel.

Despite the impact of slumping stocks and reports of job cuts at its parent firm, rising interest rates boosted the giant custodian's business in 2022.

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The smaller shrinking of the wirehouse's headcount in 2023 underscored a successful year of growth for the megabank's wealth arm.

A new study from YCharts shows which type of financial advisor is best at communicating with clients, along with investors' changing priorities.