During first quarter earnings last month, the bank said that it would take a $300 million restructuring charge related to the cuts in the second quarter.

Two advisors left their prior firm of 10 years after the bank’s wealth and asset management unit generated record net income in the first quarter.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

The giant retirement plan recordkeeper’s BD didn’t adequately file suspicious activity reports for more than three years, according to investigators.

The MC of the Conference of African American Financial Professionals discusses The American College of Financial Services’ efforts to improve diversity in the industry.

The move by the nation’s largest bank is likely to be under close watch as state and federal authorities start to ease pandemic restrictions.

The quartet of financial advisors leaving UBS after a decade also has an advisor with an equestrian specialty.

RBC names new complex directors, Commonwealth added a $200 million team, an ex-advisor is serving 33 months for elder fraud, and other news from the week in financial advice.

With Edward Jones poised to settle a racial discrimination class action for $34 million, what does the case say about the state of diversity and inclusion in wealth management?

Potential legislation from a more progressive Congress and pressure from activists groups could mean the end is near for forced arbitration.