Portfolio

Nuno Matos, once a contender to be chief executive, is leaving after nine years at the firm.

Ned Davis Research analysis predicts the Federal Reserve will cut interest rates by 25 basis points at each of the remaining meetings this year, starting in September.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

The GAO investigated industry disclosures and conducted undercover calls to evaluate "where issues around conflicts of interest and investment advice stand today."

The Top 20 Firm is also taking an equity investment in Sequoia Financial, and the two plan to deliver services to each other's clients.

The legal action comes after executives expressed comfort with their firm's deposit rates in a recent earnings call.

The best time to start saving for college expenses is right now.

The deal comes an ongoing boom in private loans to businesses and consumers.

Rising financial advisor productivity came with much better pay at these independent brokerages.

The wealth management giants join their rivals Wells Fargo, Morgan Stanley, UBS, LPL Financial and Ameriprise in being accused of using uninvested cash in advisory accounts to boost their bottom lines rather than benefit clients.