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.
Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.
Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
