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Wells Fargo owes $103 million in second mobile banking case vs. USAA
PRACTICE MANAGEMENT JAN 13, 2020
Wells Fargo owes $103 million in second mobile banking case vs. USAA

Jury found Wells Fargo infringed on USAA patents, similar to findings in a November verdict

BlackRock joins $41 trillion climate campaign
RIA NEWS JAN 10, 2020
BlackRock joins $41 trillion climate campaign

The addition of the world's largest fund manager is a plus for Climate Action 100+ and its campaign of pressuring corporate polluters

Pimco sees U.S. lagging behind global growth in 2020
RIA NEWS JAN 09, 2020
Pimco sees U.S. lagging behind global growth in 2020

Bond giant expects real U.S. GDP growth to slow 1.5%-2% this year

Bond ETFs come of age
ETFS JAN 09, 2020
Bond ETFs come of age

The $150 billion that flowed into bond exchange-traded funds in 2019 herald a new order

Wealthy investors steer billions toward new Trump tax break
ALTERNATIVES JAN 09, 2020
Wealthy investors steer billions toward new Trump tax break

Over the last month, there was a jump in the assets flowing into funds that employ the opportunity zone tax incentive

Goldman revamps divisions to show off areas of growth
RIA NEWS JAN 07, 2020
Goldman revamps divisions to show off areas of growth

The moves will make the firm’s divisions more comparable to its competitors

Edward Wedbush, founder of Wedbush Securities, dies at 87
RIA NEWS JAN 07, 2020
Edward Wedbush, founder of Wedbush Securities, dies at 87

Mr. Wedbush, who was known as Ed, founded his firm in 1955 as Wedbush & Co.

UBS wealth unit revamp gathers pace
WIREHOUSES JAN 07, 2020
UBS wealth unit revamp gathers pace

The wirehouse plans to cut as many as 500 private banking jobs as it moves forward with its overhaul

New York wealth manager to plead guilty in fraud case
REGULATION, LEGAL & COMPLIANCE JAN 07, 2020
New York wealth manager to plead guilty in fraud case

Former COO of M&R Capital Management was charged with bilking the firm of about $6 million

Controversial dual-class stocks get their own ETF
EQUITIES JAN 06, 2020
Controversial dual-class stocks get their own ETF

Exchange Traded Concepts will offer a fund that tracks companies that issue at least two types of shares