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Wells Fargo nears deal to end federal probes
WIREHOUSES FEB 21, 2020
Wells Fargo nears deal to end federal probes

The bank will pay about $3 billion to settle the government's investigations into a range of consumer abuses

By Bloomberg
Navigating the gray zone
OPINION FEB 20, 2020
Navigating the gray zone

What to do when best practices for running your business don’t align with your personal values

By Joni Youngwirth
We want help with college loans, not 401(k)s, workers say
RETIREMENT PLANNING FEB 20, 2020
We want help with college loans, not 401(k)s, workers say

Two-thirds of younger employees say their companies should help them pay down their student debt, according to a recent survey

By Emile Hallez
Morgan Stanley takes cue from Merrill with ETrade deal
WIREHOUSES FEB 20, 2020
Morgan Stanley takes cue from Merrill with ETrade deal

Will ETrade become a part of its business where Morgan Stanley can vet young advisers?

By Bruce Kelly
Fed review could be a hurdle for Morgan Stanley-ETrade union
RIAS FEB 20, 2020
Fed review could be a hurdle for Morgan Stanley-ETrade union

But little resistance to the deal is expected from regulators, policymakers

By Mark Schoeff Jr.
Rudy Adolf takes swipe at  wirehouse brokerage after Morgan deal
RIAS FEB 20, 2020
Rudy Adolf takes swipe at wirehouse brokerage after Morgan deal

Focus Financial CEO says Morgan Stanley's purchase of ETrade shows traditional brokerage model is broken

By Bruce Kelly
Morgan Stanley's well-timed purchase gives ETrade new life
WIREHOUSES FEB 20, 2020
Morgan Stanley's well-timed purchase gives ETrade new life

RIAs that work with ETrade are in limbo for now as the big bank concentrates on wallet share and ETrade's stock purchase plan business

By Jeff Benjamin
Gold hits 7-year high on virus fears
INDUSTRY NEWS FEB 20, 2020
Gold hits 7-year high on virus fears

Worries about the economic impact of the coronavirus and speculation about its effect on Fed policy are fueling demand for safe haven assets

By Bloomberg
Morgan Stanley is buying ETrade for $13 billion
WIREHOUSES FEB 20, 2020
Morgan Stanley is buying ETrade for $13 billion

The all-stock deal will reshape the wealth management landscape

By Jeff Benjamin
UBS names outsider Hamers to succeed CEO Ermotti
PRACTICE MANAGEMENT FEB 20, 2020
UBS names outsider Hamers to succeed CEO Ermotti

In his tenure as chief executive at ING, Ralph Hamers has been known for promoting digital banking

By Bloomberg
After Fiserv sale, Cheryl Nash's team rebrands as Tegra118
FINTECH FEB 19, 2020
After Fiserv sale, Cheryl Nash's team rebrands as Tegra118

The sale of Fiserv's investment services business to Motive Partners closed Tuesday

By Ryan W. Neal
Pershing ordered to pay $5.6 million to Stanford Ponzi victims
REGULATION AND LEGISLATION FEB 19, 2020
Pershing ordered to pay $5.6 million to Stanford Ponzi victims

The claimants, mostly retirement savers, alleged Pershing allowed the rip-off

By Mark Schoeff Jr.
Using trusts to fill the void of stretch IRAs and 401(k)s
RETIREMENT PLANNING FEB 19, 2020
Using trusts to fill the void of stretch IRAs and 401(k)s

The SECURE Act's 10-year window will cause many beneficiaries to spend rather than save, panelists said in an InvestmentNews webcast

By Emile Hallez
Finra arbitrators award $2.1 million to four former Credit Suisse reps
REGULATION AND LEGISLATION FEB 19, 2020
Finra arbitrators award $2.1 million to four former Credit Suisse reps

The loss is another in a string of setbacks for the firm on deferred compensation disputes

By Mark Schoeff Jr.
GPB's legal woes mount with fresh lawsuit from Volkswagen
ALTERNATIVES FEB 19, 2020
GPB's legal woes mount with fresh lawsuit from Volkswagen

At the center of the complaint is a dispute about which side controls three auto dealerships: GPB or Volkswagen

By Bruce Kelly
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse
ETFS FEB 19, 2020
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse

Will a majority stake in Precidian Investments put the merged firms on the ETF map?

By Jeff Benjamin
Retirement plan adviser M&A market poised to explode
RETIREMENT PLANNING FEB 19, 2020
Retirement plan adviser M&A market poised to explode

The mergers and acquisitions boom in the plan adviser market is only just beginning

By Fred Barstein
Robertson Stephens expands its West Coast footprint
INDUSTRY NEWS FEB 19, 2020
Robertson Stephens expands its West Coast footprint

Its acquisition of Vine Street Wealth Management boosts the RIA's assets to more than $1.3 billion

By Jeff Benjamin
Goldman loses $10 billion wealth teams to rival banks
PRACTICE MANAGEMENT FEB 19, 2020
Goldman loses $10 billion wealth teams to rival banks

One group of advisers is joining UBS while the other is reportedly moving to First Republic

By Bloomberg
Finra proposes making regulatory continuing education an annual requirement
PRACTICE MANAGEMENT FEB 18, 2020
Finra proposes making regulatory continuing education an annual requirement

New approach also would allow previously registered brokers to remain in the industry through CE

By Mark Schoeff Jr.