Banking

BMO Wealth Management aims to modernize its investment service and give planners better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.

Direct ownership has dropped by $103 billion year over year — and by more than $300 billion since 2010.

Short sellers tend to go against the tide, making investments based on a belief that a stock is going to tank. These 10 banks have drawn the greatest amount of short-interest activity recently.

The bank aims to have a total of 4,000 representatives by year-end in Merrill Edge, which now has 2.4 million accounts and $184.5 billion in assets.

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 Chicago-based community bank is the second bank this year to move its business from Invest Financial.

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.

Riding a wave of funding, smaller fintechs are looking to grab larger influxes of cash.

The retailer's foray into wealth management is a wake-up call for an industry that often overlooks female investors.