Envestnet now owns Harvest's technology, including its automated micro-savings and digital account opening tools.
Assessing the murky family-office world presents challenges, such as sorting out the different types. The SEC had targeted family office oversight for review this year even before the Archegos blowup.
UBS has been hit with a rash of arbitration claims over strategies investors say damaged them, and most recently it saw a wave of investor complaints over Puerto Rico bonds and bond funds.
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
IQ-EQ will acquire Concord Trust Co., which manages $2.9 billion.
The acquisition gives Hub another $2.4 billion in assets under management.
Although the outbreak is and will continue to be notably challenging for the retail sector, the situation has created interesting opportunities. Explore them with the help of a POS solution. Read more.
One bad broker making big bets or selling lousy or misunderstood products can damage or even ruin a firm. Are firms doing enough to keep those brokers and high-risk behaviors in check?
The problem is largely a result of the multivendor systems common in teachers’ supplemental retirement plans. Brokers descend on unsophisticated teachers at work and sometimes at home, mostly offering high-priced annuities.
Recently, Nebraska, Idaho and North Dakota passed rules matching NAIC’s standard, joining other states on the roster: Arkansas, Arizona, Delaware, Iowa, Michigan and Rhode Island.
The trade group says its members could save as much as 50% over the cost of health coverage on the open market.
Coca-Cola and Delta Airlines — both headquartered in Atlanta — have come out against the bill, as have many other corporations. That has drawn backlash from Republican lawmakers, including U.S. Senate Minority Leader Mitch McConnell.
Former chief compliance officer Michael Cohn was also fined $50,000. A former Securities and Exchange Commission examiner, he was charged in October 2019 with obstruction of justice relating to an SEC investigation of GPB.
The giant asset manager also intends to add technology workers at operations centers.
Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.
Wagner Wealth Management, based in Greenville, South Carolina, has seven reps.
Charles Stephen, an Albuquerque, New Mexico-based firm with four advisers, will affiliate through super-OSJ AmeriFlex.
A lot has changed over the past 12 months, and it's likely that what your clients want or prefer may have changed as well.
The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.
The level of knowledge is improving but the public still needs guidance on decisions about claiming benefits.
