Economy

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.

The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.

From the fate of Veo One to account openings, here’s what Schwab’s leaders had to say.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Wealthy clients are the fastest growing segment of the company’s retail division.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

The firm will use its warchest to expand its technology stack and make acquisitions.

The nation’s largest IBD made its first tech deal this year for a firm that has $120 billion in assets on its platform.

Know a talented young advisor? Now’s your chance to nominate them for our annual rankings.

The company said no additional layoffs would take place this year, but it left the door open to future staffing changes at the newly combined enterprise.

The firm currently fields 40 teams, most of which have joined this year.

In the first episode of the five-part documentary series, we look at how disparities in net worth and mortgage discrimination impact Black home ownership — and why it's impossible to close the gaps without attacking systemic racism.

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.

Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.

The No. 1 IBD is keeping up the recruiting momentum that’s sustaining record headcounts and billion-dollar moves.

He allegedly told his employer that he had been diagnosed with cancer, and took medical leave from June until September. Wells Fargo notified him that he was being let go while he was away, according to the complaint.