Portfolio

The firm “has barely scratched the surface” of selling its technology to independent financial advisors and brokers.

CEO David Fortunato may say that the robo’s “philosophy and principles remain the same,” but the sale to a big bank is a huge change.

The ranking of the largest groups of funds stayed stable while money poured in.

German Nino concealed fraud losses totaling $5.8 million through fake account statements and other doctored documents, investigators say.

The bank plans to make the robo-advisor the foundation of a new digital offering that will include access to human advisors.

Vanguard’s cut in investment minimum left smaller accounts holding the tax bag

A client received damages, interest and attorney fees as wealth managers await more fallout from a major fraud case.

The global bank is weathering a scandal-tainted year.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.

The advisors felt “some familiarity and also some loyalty” after spending decades affiliated with the wealth manager’s independent brokerage.