Bay City, Michigan-based Maier & Associates includes members of three generations of the Maier family.
The agency has carried out interviews about the broker-dealer and its relationship with a key client who was linked to a securities fraud.
Team of seven advisors is led by a 36-year industry veteran.
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The two firms' capabilities aim to provide a differentiated offering.
CEO to benefit from 5% increase amid firm's strong profits.
Canadian bank's CEO aims to expand the firm’s share of the market.
Frank Durrum operates as Durrum Wealth Management in Mount Pleasant, Texas.
'No one at Schwab is kidding themselves that everything is perfect right now,' says CEO Walt Bettinger.
President Daniel Pinto also shares his views on rate cuts.
Industry executive warns it will take time for Pick to earn the trust of advisors.
Firm's tactic 'not only undermined critical investor protections and placed investors at risk, but was also illegal,' says SEC enforcement director.
The asset and wealth division helped drive the results, posting its highest quarterly revenue in two years on a gain tied to the sale of its Personal Financial Management unit.
'We’ve made significant investments the last few years across our franchise to better serve our customers, and help drive growth,' says Wells CFO Mike Santomassimo.
'In 2023, a record number of existing Bank of America clients became Merrill clients,' says Eric Schimpf, president and co-head of Merrill Wealth Management. 'We can and will do more here.'
The agreement with federal prosecutors ends a years-long investigation and allows the bank to avoid criminal charges.
The bank said the windfall may continue this year; its earnings also included a $2.9B charge for an FDIC special assessment related to last year's bank failures.
Nascent secondary market is expected to see record pace of activity as investors seek liquidity.
'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'
Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.
