Economy

The chief executive outlined a future where offices need not be fully staffed.

Mike Santomassimo is succeeding John Shrewsberry, who has held the role for the past six years.

The group had been at their previous firm for 14 years.

The new hire joins a fast-growing complex in Northern California.

The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.

Northwestern Mutual’s practices raise difficult questions about the nature of retail advice just as wealth management faces greater scrutiny under new rules.

Wealth management profits fell, but a steep rise in transactional business offset some of the decline.

“The face of our industry is typically not me,” says the Vanguard and DFA veteran. “I thought about how many young people that I could inspire. So I raised my hand.”

A former engineer claims he was “routinely harassed and discriminated against” by the custodian and its management.

Mortgage rates slid further this week, as the conforming 30-year fixed loan fell below the 3% mark for the first time in the 50 years Freddie Mac has tracked this information.

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.

Startup Breakaway Bookkeeping & Advising is building a network of finance professionals to act as virtual CFOs for small-business clients.

U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance.

In a sign of long term changes and pivotal questions for the industry, the difference between the amount of fees and commissions in the sector has nearly doubled.

Advisor Antoine Souma, who leads the group, had been with the wirehouse for just four years.

One recruit left an IBD to join the wirehouse.

They left Merrill Lynch and Wells Fargo to join their new firm.

The rep defrauded clients with promises of a “lucrative investment” tied to the popstar that would also “help needy people,” according to regulators.

The survey's perennial champions scored higher than competitors like Wells Fargo, Ameriprise and LPL on every metric.

The leaders Bowersock Capital Partners were academia-bound before discovering wealth management was their true calling.