Revenue and expenses

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 bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

Expenses have outpaced or matched revenue growth during the past four to five years, while aggregate fees declined almost 20%, a study found.

There is no secret formula but there are some time-tested calculations that can reveal a firm’s productivity, or lack thereof.

The Invesco QQQ Trust dropped as much as 0.6% after Google’s parent company reported first-quarter sales below Wall Street estimates.

CEO Ronald O’Hanley says the poor performance reflects both the industry’s “continued challenging conditions,” as well as “lower client activity.”

FINRA released internal data in the regulator’s first-ever such report, highlighting changes in the wealth management space.

The new fund tracks the S&P 500 Dividend Aristocrats Index.

If you want to eventually sell your practice for a big pay day (and not everyone does), aim for annual growth of 15%.

Tibergien: RIA valuations will sink. Seivert: Financing for deals will be just fine.