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Morgan Stanley shakes up wealth unit
RIAS PRACTICE MANAGEMENT APR 24, 2019
Morgan Stanley shakes up wealth unit

Shelley O'Connor will now head the firm's bank units, while Andy Saperstein will be sole leader of wealth management.

TD Ameritrade cut marketing because 'fish weren't biting,' CEO says
RIAS RIA NEWS APR 24, 2019
TD Ameritrade cut marketing because 'fish weren't biting,' CEO says

Online broker sees headwinds created by lower rates and less trading.

Franklin plans to cut up to 5% of workforce
RIAS PRACTICE MANAGEMENT APR 23, 2019
Franklin plans to cut up to 5% of workforce

Fund company attempts to cut costs as it faces continued outflows.

Centerbridge said to be in talks to buy Advisor Group
INVESTING ALTERNATIVES APR 23, 2019
Centerbridge said to be in talks to buy Advisor Group

Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.

Wells Fargo annual meeting besieged by hecklers
RIAS RIA NEWS APR 23, 2019
Wells Fargo annual meeting besieged by hecklers

Interim CEO C. Allen Parker interrupted by shouts and demands from activists over bank abuses.

Warren proposes canceling student debt for millions
RIAS RIA NEWS APR 22, 2019
Warren proposes canceling student debt for millions

Her campaign proposal would link the extent of loan forgiveness to individuals' household income.

Wells Fargo annual meeting 'less relevant' amid bank's CEO search
RIAS PRACTICE MANAGEMENT APR 22, 2019
Wells Fargo annual meeting 'less relevant' amid bank's CEO search

The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.

Older Americans are twice as likely to work now as in 1985
ADVISOR NEWS RETIREMENT PLANNING APR 22, 2019
Older Americans are twice as likely to work now as in 1985

Retirement-age workers' participation rate in the labor force has cracked the 20% mark

Trump's rules for opportunity zones satisfy investors' wish lists
ADVISOR NEWS REGULATION AND LEGISLATION APR 18, 2019
Trump's rules for opportunity zones satisfy investors' wish lists

The rules provide a more flexible timeline for investing cash, as well as a one-year grace period to sell assets and reinvest the proceeds.

New ETF offers a way to bet on credit volatility
INVESTING ETFS APR 17, 2019
New ETF offers a way to bet on credit volatility

The London-listed exchange-traded fund arrives amid calm junk-bond markets