Economy

The SPDR fund recorded its biggest outflow in 18 months as oil fell below $52 a barrel.

The planning association says it needs to undertake “transformational change,” but its latest proposal may just multiply its problems.

Monthly charges are the area in which there’s the most variation amongst broker-dealers, writes recruiter Mark Elzweig.

The W Source expects to reach more than 40 chapters over the next three months, creating referral groups of hundreds of professionals.

The No. 1 IBD requested that other variable writers “contractually reaffirm their commitments to protecting trails,” an executive says.

An uptick in retirements dampened the firm’s efforts to expand its brokerage ranks.

Royal Alliance must pay more than $2.5 million to one ex-client while dealing with charges against the firm and a former rep by William Galvin’s office.

The firm’s new leader Penny Pennington tapped managers, one a longtime veteran of the firm, for the executive committee.

The advisors had been with RBC their entire careers.

Private Advisor Group unveiled a new team with $175 million in client assets, while Integrated Financial Partners says it grew by $900 million in 2018.

Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, the firm said.

The regional BD’s new advisors managed a total of $225 million in assets at Wells Fargo and Merrill Lynch.

The regional BD started its 2019 recruiting year with a bang.

The proposed regulations also provide guidance for taxpayers who hold interests in regulated investment companies.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

The regional BD has been on a red-hot recruiting streak.

Seniors who intend to get a Medigap policy to supplement their traditional Medicare coverage may have trouble getting one.

Chau Pham alleges that her breaks to pump breast milk became a topic of conversation among male co-workers,