Economy

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

Letters sent to reps ask for extensive information on why they applied for a loan, how funds were received and used, and all compensation under the federal program.

Arete Wealth’s niche focus on alts for HNW and UHNW clients has given it a strong foothold in a fractured sector, experts say.

The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.

SA Stone Wealth Management representative Gregory Frank Estes had already registered as a sex offender after a 2002 conviction, records show.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

Kathy Murphy played a key role in scaling the company’s retail advice channel.

The St. Augustine, Florida-based advisors specialize in high-net-worth families, business owners, executives and foundations.

Eaton Vance and E-Trade deals expected to boost the firm’s performance.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

Client acquisition was down compared to 2019, but still higher than in years past.

Firms affiliated with the broker-dealer can access the software for free through AdviceWorks.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

A slower-than-expected rollout of the COVID-19 vaccines and the threat of social unrest after the Jan. 6 riot at the U.S. Capitol could threaten the recovery, according to an American Bankers Association panel.

A wave of corporations have made changes to their PAC giving since a mob supporting President Donald Trump stormed the Capitol last week.

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.

The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.

Whitnell & Co. changed hands in a deal with a regional bank that also struck a strategic partnership with the wealth manager.

The firm credited keeping its offices open during COVID-19 as a major selling point as FAs industrywide kept making moves and repapering their clients.