Economy

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.

The No. 1 IBD has completed three of the sector’s 10 largest recruiting moves of the year.

Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies to better gauge which changes in consumer behavior will stick.

Three out of the top four RIA custodians compete directly with their RIA clients through their networks of branch offices and call centers.

The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.

It’s the latest team to exit the wirehouse as profit suffers.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

The broker hasn't been registered in over a decade, and was using clients’ usernames and passwords to make trades in their self-directed brokerage accounts, according to the regulator.

The firm is targeting elite advisors who cater to high-net-worth and ultrahigh-net-worth clients.

Talk about European banking consolidation has been heating up as the coronavirus pandemic adds to challenges such as negative interest rates that have weighed on profitability for years.

The former broker allegedly also used his client’s money to pay bills at gas stations, grocery and hardware stores, according to the regulator.

The pandemic has underscored the need for more socially and environmentally responsible financing.

Some of the recently acquired advisors will open branch offices for the growing BD.

The free lunches are over. Sort of.

The firm’s National Financial Services allegedly failed to deliver certain basic information to clients in five public offerings of shares in a fuel cell technology company.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

The bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.

The custodian’s NetX360 desktop now supports biometric authentication.

Firms had problems related to equities, options and cryptocurrency trading as well as slow websites and mobile apps.