It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
The SEC chair calls AI 'the most transformative technology of our time,' but emphasizes the agency's focus on fraud.
Finra's rules on gifts exist as a line in the sand between right and wrong, but advisors should know what is appropriate to give or receive.
Wealth management firm explains how it bucked the trend with a 90% retention rate.
The Investment Adviser Association reveals the results of its 2023 Investment Management Compliance Testing Survey.
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
Top exec says firm changed direction as platform posed too much competition for its legacy insurance side.
Arizona-based Arque Capital Ltd. sold bonds issued by bankrupt GWG Holdings Inc.
The big wealth manager palms off 'low value' clients in Australia.
A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.
Meanwhile, the firm chases Silicon Valley Bank business by hiring overseas.
Studies have shown that most people will benefit from an advisor's assistance, realizing a 4%-plus increase in their yearly return, even after fees.
Offering employees an ownership stake can give you a valuable tool to attract and retain great people, and it often makes internal succession much easier.
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
There's new pressure on advisors to clearly demonstrate the value they deliver to clients, and technology will play a key role.
The firm has launched two brands to differentiate between high-net-worth and ultra-high-net-worth clients
The June employment report showed fewer new jobs than expected, but what does that mean for staffing advisory firms' back offices?
This month's highlights include Pershing X's launch of Wove, Blueleaf's 'aggregation-as-a-service' solution, and Nitrogen's new set of firmwide data analytics capabilities.
Morgan Stanley and JPMorgan seize the initiative, while smaller firms grapple with a lack of standardized data.
The rational, eat-your-vegetables approach to retirement peace of mind only goes so far. Advisors must become more adept at helping clients to prepare emotionally.
