JPMorgan Chase

It’s largely hedge funds that have been bailing out while equity and bond fund managers have remained on the sidelines.

The new fund tracks the S&P 500 Dividend Aristocrats Index.

The payout brings the distribution to more than $1.2 billion, a fraction of the more than $50 billion scam.

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.

“Chase promised so many things and they didn’t keep those promises,” the juror said of the firm.

Clients were allegedly steered into investments maximizing revenue for the bank and employees.

In addition to winning a $25,000 award, ex-J.P. Morgan rep Mihail Naumovski was able to expunge erroneous information on his Form U5 that he violated investment-related regulations.

Bill Capuzzi has had a first-hand view of wealth management’s disruption. He details the key innovations winners will bring to the industry.

Barry Snyder’s complaint depicts him as a victim of federal investigators and the bank, with both sides threatening to turn on him.

Despite leaving the Broker Protocol, UBS continues to selectively recruit high-end teams.

The e-commerce giant is muscling its way into a number of services that banks have long dominated.

More than a decade ago, bankers fought Walmart tooth and nail as it made forays into banking. But with Amazon making more moves into financial services, the reaction is very different.

The new hires from Merrill Lynch and JPMorgan are welcome news for the embattled bank’s wealth management division.

While outpacing the S&P 500, the price tag is higher — the average expense ratio is more than 1%.

The firm seeks to diversify investment risk for clients by combining six internally managed liquid alternative strategies. Plus; other launches.

The bank’s asset management unit has approached ETF Securities and Global X in an effort to expand its lineup.

Rapidly shifting economic conditions, a new tax law and fee pressure are among the challenges in the year ahead.

Rapidly shifting economic conditions, a new tax law and the preponderance of low-cost passive products are just some of the obstacles in the year ahead.

Amazon's branded checking account plans pose no immediate threat to wealth management. But advisors should pay attention to the people that the e-commerce giant wants to serve.

Following criticism for its faulty 2016 election algorithms, the firm appointed a new research director to collaborate with its quants and money managers.