Economy

One JPMorgan client thought it was “odd and weird” that the advisor called during the Memorial Day holiday, on behalf of Merrill Lynch.

Such a move would also coincide with efforts to cut costs in the bank's wealth management business by $600 million by 2020.

Banks and wirehouses have a head start on data, while RIAs face challenges, according to a new report.

Firms of all sizes have helped push fee-based business above commissions as the industry undergoes a transformation.

The firm has been rolling out a robust suite of new and upgraded technology tools.

The wirehouse has been fighting to keep managed assets this year, suing ex-advisors for taking client information during their move.

After a busy month nabbing talent from Wells Fargo, Raymond James picks up a team from Stifel.

The firm’s principal says his team wanted to join the No. 1 IBD, which is testing larger recruiting offers.

Three advisors who left the firm years ago are returning to the regional broker-dealer.

Fiduciary advocates lament the absence of the term from the SEC's rule, which they say fails to move beyond FINRA’s existing suitability standard, while the brokerage sector sees the proposal as a welcome jump in oversight.

FINRA plans to unveil a new user interface for its central registration depository system on June 30.

The move is an early indication of how firms may react to the demise of the Labor Department regulation.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Wealth Enhancement Group has nearly doubled its assets over a two-year period.

The firm aligned its brokerage business with Private Client Services following a big acquisition and a major executive hiring.

The advisor told the client that she could pre-pay her advisory account fees at a discount by writing him a $7,400 check, FINRA claimed.

Other states are likely to enter similar agreements with the broker-dealer.

Advisor exodus from beleaguered firm shows no sign of abating in 2018

While a search is underway to replace Howard Plotkin, his duties are being handled by global Chief Compliance Officer David Lang.

Walt Bettinger also took aim at robo advisors at the Morningstar conference.