Economy

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.

The expanding employee channel firm aims to support practice recruiting efforts and help usher in the next generation of advisors.

Kristin Kimmell brings decades of experience and notable success as the replacement to the former head recruiter promoted only last year.

Most investors are rigid about their investing philosophy, which makes them poorly adapted to changing markets and political regimes.

Strategic buyers and consolidators like Captrust are driving a record pace in overall transactions and those involving sellers with at least $1 billion in AUM.

In J.D. Power’s annual survey, independent and employee reps gave wealth managers a higher satisfaction index than last year.

An array of personal experiences has helped them solve problems for physicians from the Middle East, colonels in the U.S. Army and professional athletes from Compton, the authors write.

Goldman Sachs economists said their optimistic outlook for global growth this year is now increasingly shared by rivals, meaning their forecast is the closest to consensus than at any time since April 2020.

The recent change in presidency is set to bring about substantial changes in the way high-net worth individuals are taxed in relation to capital gains.

The regulator’s annual industry snapshot and financial report offer a nuanced picture of wealth management’s most significant dividing line.

Andrew Tasnady shares insights from FP’s annual pay survey and how he expects the grids to shift in the future.

Edward Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle, will discuss the economy, inflation and the Federal Reserve.

After hiring Kara Murphy, the wealth manager aims to roll out investment management research and modeling tools for more than 2,400 advisors.

The wirehouse seeks a recruitment edge over Wall Street banks taking a more hardline approach to in-office days.

What's the safest, most effective way to provide financial assistance? Ultimately, it's about control and trust.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The giant wealth manager is re-hitting its stride after its best quarterly net gain in advisors in at least two years.

The No. 1 IBD added to its record headcount with the third billion-dollar move it unveiled in a two-week span.