Brokerages want speedy SEC review of Finra remote supervision proposals
Temporary relief from onsite inspections runs out at the end of this year, so firms are hoping the SEC moves quickly on the proposals.
DFA request for ETF share classes marks tipping point for legacy fund companies
The $614 billion asset manager is applying a full-court press to take advantage of an expired Vanguard patent.
How to keep junior advisors from washing out before they get started
Wealth management firm explains how it bucked the trend with a 90% retention rate.
Rising assets, rates stabilize wealth management at Wells Fargo
Along with net interest income, the bank’s total client assets also grew.
AI can expose ‘very real’ ESG risks, says UBS exec
For example, artificial intelligence could help with the threat of deforestation by tracking 'land use change and geospatial mapping.'
Wells Fargo shares jump after Q2 results exceed estimates
Bank's net interest income soars on back of Fed rate hikes.
JPMorgan posts record revenue on interest rates, First Republic deal
The firm's $41.3 billion in revenue beat analysts' expectations, fueled by $21.8 billion in net interest income as well as a $2.7 billion gain on its purchase of First Republic.
Retirement provider Ascensus taps Good as new president
Nick Good takes over the role from Ascensus CEO and Chair David Musto, who will now devote more of his time to overall leadership of the organization.
JPMorgan’s Dimon takes a swipe at Bidenomics as ‘political’ interference
The outspoken banking chief also says the government’s $5 trillion stimulus program is fueling inflation.
Charles Schwab announces TD Ameritrade data breach
Tens of thousands of clients could have been affected by huge attack resulting from vulnerabilities found in MOVEit file transfer software.
What’s keeping investment firm compliance officers awake at night?
The Investment Adviser Association reveals the results of its 2023 Investment Management Compliance Testing Survey.
Hightower Advisors gains HNW tax advantage through strategic investment
The deal will enhance the Chicago-based firm's tax advisory services for high-net-worth and business clients.
Investors open to using ChatGPT to pick their investment portfolios
Survey reveals that a significant share of respondents believe AI can do a better job of choosing equities than they can.
Equities have performed their best since March this week
Despite a pause in the rally Friday, stocks are on course for a strong week
Fed’s Waller calls for two more rate hikes likely by year-end
The Fed chair says increasing by another 50 basis points will be necessary to bring inflation down to the central bank’s target
Equities rally does not signal end of risk, warns Goldman Sachs
The bank's strategists say risk of recession, rates, and central bank surprises all remain elevated
Credit Suisse bleeds bankers, UBS saves on payouts
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
Gensler’s SEC crypto clampdown hits legal speed bump
A U.S. District Court judge pushes back against the SEC's attempt to regulate Ripple XRP token.
Saving for college hurts retirement for nearly 60%, survey says
A new rule for 529-to-IRA rollovers could help those who have both retirement and college savings goals.
Future of Thrivent Advisor Network in question after Armitage exit
Top exec says firm changed direction as platform posed too much competition for its legacy insurance side.
