Andy Saperstein, Ted Pick and Dan Simkowitz are thought to be executives in the running to succeed James Gorman, who says he will step down in the next 12 months.
"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.
Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.
Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.
San Jose-based O’Connor & Associates has $875 million in client assets; Garden City-based Cuneo Denihan & Associates has almost $1 billion in assets.
Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, will assume the role of executive chairman after exiting as chief executive.
Here are the firms that took in the most annuity revenue last year, as market volatility propelled record annuity sales.
Joe Keefe, who has led the group and its precursor since 2005, will be replaced by Ed Farrington, the group's head of distribution.
It's time for the financial services industry to rethink its rules when it comes to offsetting fees.
More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.
'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.
It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.
Advisors shrug off Washington's noisy political spat as more of the same, anticipating a dramatic last-minute deal to increase the debt limit.
One in five Gen Z respondents report having no money in savings, demonstrating a severe misalignment between their plans to retire young and the reality of their financial situation.
Flemington, New Jersey-based Amwell Ridge Wealth Management was founded in 1996 by managing partner David Johnston.
While at Fidelity, Durbin oversaw the company’s 2015 acquisition of eMoney Advisor.
The watchdog agency teed up a sweeping proposal in March 2022 intended to standardize the types of disclosures public companies make about greenhouse gas reduction goals.
Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
The Republican AGs are examining net-zero goals that insurance companies have agreed to as part of an industry group.
The disclosures that MML Investors Services delayed making included customer complaints and arbitrations, criminal charges and bankruptcies.
