Ally Invest marketed its robo-advisor accounts as a no-fee offering, but relied on a 30% cash allocation on client portfolios to generate revenue for its bank and broker-dealer affiliates for nearly six years, according to the SEC.
Edward Jones reduced home-office staff by 4.5% in 2025 while using India-based contractors for digital and operations support, part of the industry's broader offshoring trend as LPL Financial opened its tech support center in India earlier this year.
An oil shock and inflationary pressures have some wealth managers comparing this period is reminiscent of the 1970s.
The $10B AUM firm is continuing to build scale across the US.
Two trusts claim the same brokerage account — and an advisor lands in the crossfire
BlackRock chief says long-term investing and broader ownership key as AI reshapes wealth creation.
In 2019, the SEC claimed Commonwealth had breached its fiduciary duty by failing to tell its clients that they could have invested in less expensive share classes of funds.
“That’s a new business line for us,” says CEO Erin Friez.
Certified divorce financial analyst Michelle Smith highlights the financial issues women need to know while going through divorce proceedings.
What a program for career-changers, intensive training, and a crash course in client meetings reveal about earning confidence before you’ve earned experience.
A $4 IPO stock hit $31 before crashing 80% — and regulators are watching.
Regulator says Avinesh Shankar used electronic signature software to submit 115 annuity applications tied to 64 customers.
New IRS data hold lessons for proposals to tax the wealthy in California, New York and other Blue states.
A new charter could help advisors keep more client cash on-platform as the Swiss firm tries to reverse recent outflows and recruit in an active market.
Era, founded by former Stripe employees, replaces traditional client-advisor interaction with automated portfolios and AI agents targeting investors priced out of human advice.
Meanwhile, new AI from WealthFeed helps advisors grappling with referral challenges, while OneVest debuts an AI-native platform for small and nimble advisor practices.
Wealth managers offer tips on keeping retired clients calm as the Iran war rattles the market.
Confidence rises as flexible work, planning and cost pressures reshape retirement timelines.
Roger Roemmich worked at Dempsey Lord Smith from 2016 to 2020, moved to Alexander Capital, and then resigned last year.
Meanwhile, Cetera expands its reach in Alabama with a former Ameriprise team, and a $360 million advisor team from Morgan Stanley joins RBC.
