Economy

A fever-pitch argument over whether prices and wages will rise after the giant pandemic relief packages has split financial advisors into two camps.

While financial advisors may have limited access to offer digital currencies for their own clients, companies are increasingly safeguarding digital assets for institutions.

As a decades-long loyalist of Bogle’s ground-breaking firm for decades, Allan S. Roth worries it’s losing its edge in client support.

Ancora, which previously took on Bed Bath & Beyond and Big Lots, argues the company suffers from poor leadership.

Major hurdles stand in the way of wide adoption: regulation, security and cost.

With a new brand and new leadership, the firm hopes to tap into a burgeoning wealth management sector.

Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.

The IBD network added a community bank’s investment program after exceeding the goals it set at the beginning of 2020, its head recruiter says.