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The move comes as a surprise; "active search" for a replacement underway.

The business, which includes Merrill Lynch, said profits were up 1.8% year-over-year, but down 9% from the previous quarter.

Advisers have been warned: SEC's exam guidance to focus on cyber threats and issues involving seniors, leaving little excuse for noncompliance.

Planners act on expectations of pro-business, anti-trade initiatives by the incoming administration.

Revenue increased 4% from 2015 even as the number of advisers fell by 10%.

Daily volume has increased among both ETFs and equities, but the growth hasn't been equal.

The firm said it received a 1% boost to $2.89 billion. Analysts predicted $2.93 billion.

A husband and wife alleged they were advised to cash out nearly $1 million of their pension money for risky investments, according to their lawyer in FINRA arbitration.

Citigroup Global Markets paid a $1 million penalty to New York State for overcharging more than 47,000 customers. It will also reimburse the customers.

While some experts recommend annuitizing at least 25% of savings to generate guaranteed income in retirement, clients should weigh other options before making a decision.

OSHA supports ex-broker Johnny Burris’ firing because he allegedly faked company letterhead. Burris says the bank approved the altered letter years before.

The decision vindicates ex-broker Johnny Burris, but also supports the move to fire him. However, a bank document obtained by Financial Planning casts doubts on the reason for his termination.

Nearly half of U.S. clients would switch to tech giants for advisory services, according to a new study.

Which banks are advisers moving to? 15 recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

FINRA accused the rep of "structuring" transactions by making cash deposits into her personal savings account in amounts under the currency transaction reporting threshold of $10,000.

Technology is getting faster and smarter. Luckily, advisers have a natural-born defense — but first must learn how to use it.

Goldman Sachs has a full suite of services to offer quants after upgrading its technology, according to the partners leading the effort.

The changes are the first under David Kowach, who became president of the wirehouse's traditional employee broker-dealer late last year.

The threshold would mark an end to a three-decade bond bull market, according to billionaire bond manager Bill Gross.

The new year is off to a busy start with deals worth $250 million.