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The head of the regulator pledged vigorous enforcement of the controversial rule.

At the IMPACT 2021 conference, CEO Walt Bettinger and head of advisor services Bernie Clark shared plans to grow the firm’s market share of independent advisors.

The giant custodian unveiled a new turnkey asset management and technology platform it says will boost its market share among RIAs and other advisory firms.

The regulator recommends a close look at factors that prompt brokers to restrict customer trading, video-game-like features popularized by online trading platforms, short-selling and payment for order flow.

Although it makes more sense to hold a futures ETF like this one than to hold actual cryptocurrency, the same problems that plague all commodity futures ETFs will crop up, writes Jared Dillian.

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

Commissioner Hester Peirce and CEO Robert Cook spoke amid a growing debate surrounding digital assets and their underlying technology.

The brokerage now manages $7.61 trillion across its retail and RIA custody businesses.

CEO David Solomon sees opportunity in the industry for further acquisitions and organic growth after the firm’s significant pivot in the last two years.

Young entrepreneurs and soon-to-be heirs are expecting more social impact from their investments. Private banks are evolving in response — often by matching clients with like-minded advisors who are closer in age, and by hiring more women and people of color.

Outsized returns over the long- and- short-term planning horizons come with some caveats.

The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid.

The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.

Join Janet King, Arizent VP of Research and Brian Elkins, Senior Director of Strategy at Monigle for a discussion of a new, prescriptive framework that helps banks and other financial institutions identify why customers choose to bank with one financial institution over another. Developed in conjunction with creative experience agency Monigle, the Humanizing Customer Experience research from American Banker draws on more than 5,000 customer responses to show what matters most in customer experience and ranks which financial institutions do it best. Join this discussion to learn more about how you can optimize your bank's approach to CX to improve customer satisfaction and earn higher net promoter scores.

Here's what you missed this week in wealth management.

Ainslie Simmons, a 20-year veteran of the industry, will serve as president of the new Pershing X division.

Bank of America beat 3Q Wall Street forecasts as it moves to ‘pre-pandemic pace.’

There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue here in Sioux Falls.

The wealth management business is undergoing considerable transformation. The pandemic has created a new breed of investors, with distinct expectations and tastes formed by new technology and having lived through the financial crisis.

James Gorman says the wealth manager is seeing much better retention and recruiting due to its “multiple channels of growth” after several acquisitions.