Wealth management

The new recruits build on the 43 advisors Janney added last year.

The quant manager has been warning for years that investor objectives are going to be increasingly hard to meet amid “soberingly low” gains.

One of the largest wealth managers aims to attract more teams out of the crop of nearly 7,000 advisors leaving employee-channel firms each year.

Among the new hires is Scott Collins, former head of brokerage independence and institutional sales consulting. He is one of many ex-TD Ameritrade alums seeking new employment after Charles Schwab acquisition’s of the firm.

Collectively, the brokers generated $167 million in annual production and oversaw $37 billion in combined client assets.

The results underscore the standout performance of the industry's largest firms in equities, a business where Europe’s banks have struggled to keep up in recent years.

University tuition is one of the top planning priorities of financial advisors’ clients, and a new book wants to help guide readers on how to pay for it.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

Investors with an advisor were more than twice as likely to say that they are very confident that they have the best investment strategy, a survey found.

Jacob Glick is accused of breach of fiduciary duty and misappropriating client funds, among other alleged misconduct.

Firms are bracing for tougher times in Washington, where Democrats skeptical of large financial-industry paychecks are ascendant.

The CEO of three-generation family firm says they wanted to remove conflicts of interest and offer banking and trust services to clients.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

"When you ask someone what their goals are for retirement in 10, 20 or 30 years, the truth is most people don’t even know what’s possible in the first place," Michael Kitces says.

ETFs targeting the hottest investment themes have lost as much as 5% per year on a risk-adjusted basis between 2000 and 2019, research shows.

The fund has returned about 42% since its April 7 launch compared to an 8.9% gain for its benchmark over the same period.

The top 20 carried an average expense ratio of more than three times the broader industry.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.