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Citizens Financial taps Morgan Stanley exec for wealth business
Paul Casey is joining to head the bank’s wealth management arm, with a mandate that spans from mass affluent to ultra-high-net-worth clients.
Virtual course for financial planners enters its fifth year
With 700 people already on the wait list, the online program to train aspiring college students and new advisors is now open for registration.
Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Apex declares liftoff for new ACATS protocol
Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.
Modern Wealth hires former Goldman leader to drive growth initiatives
Industry veteran Jason Del Col joins the $3 billion firm as head of advisory.
Stability, finally, at Wells Fargo Advisors?
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
Biden takes another $7.4B step in fight to tame student debt
The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.
Empower settles with former advisors in poaching case
The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.
Carson Group hires former Envestnet, LPL executives to bolster growth strategy
Dani Fava is joining the firm as its chief strategy officer.
Cathie Wood’s $54B ARK VC fund buys into ChatGPT owner
The asset manager has acquired a stake in OpenAI.
Brookfield said to be weighing private credit firm stake
Asset manager is reportedly in talks with Castlelake.
Poor REIT sales signal potential cuts in valuations
'The problem is, when an NAV gets shaved, advisors and investors get pissed off,' one executive says.
First Horizon names new head of wealth management, private banking
Experienced leader will lead the $65 billion wealth management unit.
Goldman Sachs loses another long-term senior leader
FT reports that the firm's global treasurer is to join Millennium.
Among financial challenges, Americans say inflation hurts worst
New survey reveals three-quarters feeling the pinch from higher prices, with economic uncertainty impacting tax refunds and spending plans.
Fidelity unveils for-teens, by-teens thematic baskets
Billed as an industry first, the investing giant’s new thematic lineup targets three sectors and trends that are on next-gen investors’ radar.
Don’t repeat 2016 fiduciary rule mistake, NAIFA urges DOL
'Real-world experience' shows impact of fiduciary standard on Main Street investors, advisor association warns.
LPL’s Atria deal poses complexities: Report
Atria's financial advisors might be getting M&A 'whiplash,' one recruiter notes.
Global VC funding down 30% amid investor concerns
Venture capital funding dropped 29% in the US, 40% in China, as slower economies, inflation weigh.
NYSE aims to attract ‘exciting’ Asian firms to list in US
Firms from Japan, South Korea, Indonesia, and Singapore could appear.
