'This is a strong economy, and we think it’s well positioned to withstand less accommodative monetary policy,' the Fed chairman says.
Perhaps the biggest concern for RIAs contemplating a sale is how it would affect their employees and clients.
Just 31% of the bank's shareholders supported the pay packages for CEO Dimon and other company executives.
Voya Investment Management will add about $120 billion of assets under management as well as some investment teams.
Firms should be watching out for employees chatting on WhatsApp, as well as brokers in need of heightened supervision and complex products being sold to retail customers.
The agreement calls for the firm to forfeit $463 million and pay $3.2 billion in restitution to victims of the fraud as well as a $2.3 billion penalty.
BNY Mellon says most investors, particularly Gen X and millennials, want their adviser to understand their values.
Berkshire Hathaway reported new stakes in banking giant Citigroup Inc. and in auto lender Ally Financial Inc.
The pace of industry recruiting has remained lower since the onset of the pandemic and the work-from-home policies and travel restrictions that followed.
California is looking to expand its auto-IRA program, while Missouri, Arizona and Hawaii are considering joining the club.
Fidelity estimates a 65-year-old couple retiring this year will spend $315,000 on health care and medical costs throughout their retirement, which is up 5% from its estimate last year.
The defendants, including two who had been barred from the brokerage industry, pocketed more than $75 million.
This month’s #AdviserTech roundup looks at Orion’s acquisition of Redtail CRM, Advyzon’s launch of its Quantum Rebalancer, RightCapital’s new one-page Financial Plan Snapshot and Vanguard’s partnering with American Express.
A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.
Now is the time to make sure you are delivering true adviser value, and that your clients understand what that is.
Over the years, some have become convinced Reg BI is a significant step up from brokers’ previous suitability standard. Others remain skeptical that it’s tough enough to curb broker conflicts.
It’s not clear when the agency will announce its first major enforcement actions regarding recommendations brokers make to customers, the substantive heart of the regulation.
After 35 years in the industry, Hays is retiring. He'll be replaced by Sol Gindi, who will also head the Wealth & Investment Management client relationship group.
InvestmentNews spoke with Weyrauch about his role at Citizens and the firm’s vision for growing its financial advisory business.
The insurance company is now offering its own line of rainy day funds for employees.
