The veteran with almost 30 years of experience, mostly at JPMorgan Asset Management, will oversee a business managing nearly $320 billion in assets.
Report of a Thursday memo announcing 30,000 layoffs adds to uncertainty for retirees relying on benefits.
New data show a 27 percent jump in $1 million-and-up accounts last year, with the average millionaire making contributions for more than two decades.
The consumer protection watchdog had previously launched a legal action accusing the bank of misleading customers on the interest rates it offers on savings accounts.
The RIA's new sister firm wants to help advisors "take control of their future" with a transparent ownership model and multi-custodial platform including Raymond James, Schwab, and Fidelity.
The six-advisor ensemble based in California marks the latest and largest departure from the Wall Street giant to the broker-dealer titan in the past year.
The insurance and retirement giant is promoting Mallee as another veteran leader, who's had nearly 20 years at the company, prepares to step down.
Research finds two-thirds of university endowments have assets in high-priced hedge fund and other alternative investments that have failed to outperform since 2008.
After leading the life insurance giant's brokerage business, the 25-year industry veteran will step up to oversee more than 2,800 financial advisors and fee-based planners.
As a change in SEC leadership and enforcement signals a more crypto-friendly climate, two voices see a constructive picture forming for digital asset adoption.
