Economy

Charles Schwab is in early stages of its plans for the future of TD Ameritrade’s advisor division.

The newly combined firm is expected to transform the independent marketplace in terms of technology, talent and RIA choice.

The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.

The multigenerational group includes a grandfather, father and son.

Demand from clients has some advisors reconsidering sustainable investing strategies.

The discrimination case revolves around allegations of disparate treatment in the firm’s agency distribution channels.

The firm is consolidating its broker-dealer and standalone RIA custody units into one division.

The switch comes as the wirehouse revamps its technology platform with help from Broadridge Financial.

The company is turning to what it sees as a talent pool with proven success rates.

The firm is maintaining control but dropping its FINRA registration as the sector’s rising expenses and lower margins fuel consolidation.

The new recruits came at the expense of Merrill Lynch, UBS and Wells Fargo.

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

Actions hit a nine-year high and restitution climbed to the highest total since 2013 — even before the rule’s heightened scrutiny.

It’s a big decision, and getting it right the first time around can avoid a lot of headaches, experts say.

Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said.

A State Street fund avoiding crude holdings has beaten the S&P 500 by 3.6 percentage points since its inception, generating an annual return of 12.9%.

Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.

The seven advisors managed more than $450 million in combined client assets.

The number is behind previous years, but the firm’s new head of business development says independence is more appealing amid the coronavirus.

Choosing their own technology for clients was a big draw for the advisors, who affiliated with Kestra.