Economy

The growing practice’s founder dropped his FINRA registration after 14 years with KMS Financial Services.

Self-directed investors have opened more new accounts at the firm in 2021 than in the third and fourth quarters combined.

Robinhood has faced criticism by lawmakers and the public since last month’s surge in trading of certain stocks, driven by retail investors.

The Depository Trust & Clearing Corporation is offering a blueprint for speeding up the settlement process.

Pete Dorsey is the latest member of TD Ameritrade’s leadership team to part ways with the company after it was acquired by Charles Schwab.

The wirehouse picked up a 43-year veteran from its rival.

Prior to the deal, the company had been making deeper forays into traditional wealth management custody.

The wealth manager aims to build connections and take feedback through a new group resembling ones launched by rivals in recent years.

The transaction, which could be announced as early as Monday, will be valued at $4.7 billion, according to people familiar with the matter.

The dispute highlights the complicated nature of non-solicitation carve-outs when advisors switch firms.