More: In his first year as LPL Financial's CEO, Dan Arnold's compensation soars)
Mr. Sloan's second full year atop the embattled bank brought more problems. Scandals, including the opening of millions of bogus accounts to meet sales goals, prompted the Federal Reserve to ban the firm from expanding assets beyond 2017 levels. Sen. Elizabeth Warren, a Massachusetts Democrat who's running for president, was among lawmakers to demand Mr. Sloan's ouster.
(More: For Wells Fargo Advisors, finding new clients becoming difficult)
Shares of Wells Fargo tumbled 24% last year, compared with the 20% decline of the 24-company KBW Bank Index.
Mr. Sloan, 58, has undertaken changes at the bank since taking the top job, working to root out and fix past problems and prevent new ones. The bank has said he has the full support of the board.
To help fund the proposal, the governor and Florida's finance chief are probing municipal finances on a "local government accountability tour" to uncover potential waste.
Edward Jones’ job cuts and overall realignment internally are contributing to higher costs for the company, it said in its recent quarterly report.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
