The announcement that the bank hired law firm Covington & Burling to do an assessment comes as CEO Scharf prepares to appear at a pair of congressional hearings.
The insurer is using a financial projection engine from NewRetirement to power an interactive retirement planner.
Only 11% of Americans 45 and older plan to wait until they're 70 to start receiving their Social Security benefits.
The firm becomes a founding sponsor of the Center for Financial Planning, whose mission is to build a more inclusive talent pipeline.
Research from State Street Global Advisors exposes a generational divide when it comes to seeking out financial advice.
Nearly 75% of millennial and Gen Z retirement savers who defer close to the IRS maximum are optimistic about meeting their savings goals and retiring comfortably, a Principal survey shows.
The United States fell to 18th place for retirement security in Natixis Investment Managers' annual retirement index, while Norway grabbed the top spot.
Staying busy may seem like the path to success, but without time to reflect, advisers could be using their time and energy on the wrong things.
Regulators, analysts and financial advisers worry the easy access to enhanced performance will hurt unsophisticated investors.
The Wells Fargo retirement plan paid more than fair market value for stock that diminished participants' savings when it was allocated to their accounts.
James K. Couture of Massachusetts pleaded guilty to four counts of wire fraud, four counts of aggravated identity theft, one count of investment adviser fraud and one count of witness tampering.
The firm failed to report positions to the Large Options Positions Reporting system in more than 7.4 million instances.
The record-keeping platform announced that it's releasing a third-party administrator partner product, Vestwell Flex, as well as a TPA portal.
A roundup of the week's fintech news includes Cetera's adoption of Broadridge's new digital communications tool, Orion's reorganization and Morningstar's attempt to make sustainable investing more engaging.
The firms managed private funds and fell short of custody compliance by failing to give investors audited financial statements about the funds.
The actions outlined in Finra settlement with Sanctuary predate Sanctuary’s acquisition of David A. Noyes, a company spokesperson notes.
Six long-time Merrill advisers in Oakland, California, and Savannah, Georgia, switch to LPL's employee unit, Linsco.
Broker and adviser standards of conduct differ in some respects but should result in the same outcome for investor protection, an agency official said.
Excessive trading in clients' accounts at Joseph Stone Capital occurred from January 2015 to June 2020, according to Finra.
In a speech, the SEC chair repeated his demand that crypto exchanges, brokers and attorneys in the digital coin industry comply with securities rules.
