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Repeal of SALT cap would be $40 billion windfall for millionaires, according to new data
ADVISOR NEWS REGULATION AND LEGISLATION JUN 24, 2019
Repeal of SALT cap would be $40 billion windfall for millionaires, according to new data

Officials in high-tax states say Democratic-led states have been targeted to pay for the cuts.

Wells Fargo may not be shattering any glass ceilings anytime soon
RESOURCES WOMEN ADVISOR COMMUNITY JUN 21, 2019
Wells Fargo may not be shattering any glass ceilings anytime soon

Bank board's decision to open CEO search to outsiders may sideline Mary Mack from being first woman to lead a giant U.S. bank.

Financial firms fight over $18 trillion held by poorest of the rich
ADVISOR NEWS WIREHOUSES JUN 20, 2019
Financial firms fight over $18 trillion held by poorest of the rich

Wealth managers focus their expansion on clients with fast-growing fortunes.

BMO hires industry veteran to run family office
RIAS RIA NEWS JUN 20, 2019
BMO hires industry veteran to run family office

Shannon Kennedy from Bank of New York Mellon Corp. will lead a team of more than 200 people.

Fed scraps 'patient' rate approach in prelude to potential cut
RIAS RIA NEWS JUN 19, 2019
Fed scraps 'patient' rate approach in prelude to potential cut

Though policy makers didn't alter their target rate, the change in wording seemed to pave the way for an easing move later this year.

ETF traders push back against proposal for bond reporting lag
INVESTING ETFS JUN 17, 2019
ETF traders push back against proposal for bond reporting lag

Reducing transparency around corporate debt transactions could raise risks for ETF traders and boost costs for investors.

Federal Reserve seen on track for rate cut this year
RIAS RIA NEWS JUN 14, 2019
Federal Reserve seen on track for rate cut this year

A survey of economists shows they expect just one quarter-point move in December.

Mass affluent say financial stress affecting their mental health
RIAS RIA NEWS JUN 14, 2019
Mass affluent say financial stress affecting their mental health

Bank of America survey reveals financial concerns among wealthy Americans.

States losing battle over SALT cap deduction
ADVISOR NEWS REGULATION AND LEGISLATION JUN 13, 2019
States losing battle over SALT cap deduction

Arguments by Northeastern states in court hearing later this month deemed a long shot by legal experts

SEC bars broker for churning clients' accounts through firm
ADVISOR NEWS REGULATION AND LEGISLATION JUN 13, 2019
SEC bars broker for churning clients' accounts through firm

Agency says Jovannie Aquino recommended series of frequent, short-term trades while charging commissions and fees for each trade.