The San Diego-based firm reassured clients and investors about the viability of the company moving forward in a blog post Monday, and sent a heartfelt message to the 18 employees that were let go.
No details about closing branches or offices of Wells Fargo Advisors locations were included in the filing with the Securities and Exchange Commission.
Best execution has become a regulatory priority for Finra and the SEC in the wake of the January 2021 GameStop trading frenzy.
Gateway Financial Partners in Connecticut is buying Wisconsin-based Advisors’ Pride.
Often advisers have a backstory or personal connection that allows them to understand the needs of their core clientele, and that 'why' is where they get the chance to set themselves apart.
CEO James Gorman says the firm has seen relatively few departures in the wake of the pandemic. In contrast, he says the bank received about 500,000 job applications last year.
The new account will be free; it will include a feature for automatically investing a percentage or standard dollar amount from paychecks, as well an early deposit feature that will let users receive their income up to two days early.
David Schamens, who was barred back in 1992 for lying to retail investors, solicited investments in a pooled investment vehicle, but used the money for personal expenses and to repay previous investors, according to the SEC.
J.P. Morgan Asset Management says that advisers should plan for 35 years in retirement for clients, rather than the previous 30 years, as average life expectancy continues to increase.
Even with a long runway — the rule became effective last May 4 with an implementation deadline of Nov. 4 — getting ready for the measure has become a top compliance worry for advisers.
According to a new study published by The Vanguard Group Inc., the vast majority of advised clients aren't interested in totally digital advice.
The asset manager will use customized technology from iCapital to facilitate its clients' use of its offerings of alternative investments.
Richard DeYoung and Jessica Boehm opened their new firm, Highland Wealth Partners, in The Woodlands, Texas, and affiliated with LPL's Strategic Wealth Services.
The Swiss bank also identified 'a small number' of wealth management clients who were sanctioned in response to Russia's invasion of Ukraine.
The number of small businesses is growing, in some part due to unhappy workers leaving jobs to set up shop on their own. That has led to more startup 401(k) plans.
The increase in remote work, conducted over networks that may not be secure, as well as the widespread use of mobile apps, have added a new level of risk.
The size of the agency's examination staff hasn't increased meaningfully in recent years and it can't keep up with the growth in advisers, an official said.
The company's benefits equity scorecard can help employers match the benefits they provide to employees' needs.
A rough calculation puts the independent broker-dealer's forgivable loans at $773 million at the end of last year, up 84% from $419 million a year earlier.
The lawsuit filed in 2020 questioned the plan's procedures for selecting prudent investments and alleged it failed to properly monitor record-keeping fees.
