Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018.
But they differ on exactly how to provide it, ensuring the debate will go on.
Napa Valley and TrueNote, which are led by Kelly Crane, oversee more than $400 million in client assets.
Some market watchers see the quarter-point hike as not enough to slow inflation or economic growth.
John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.
The broker, Mario E. Rivero Jr., 38, was registered with Wells Fargo Advisors from December 2010 through October 2020 and then at LPL Financial until last June, when he was barred from the securities industry.
For the year, policy sales were up 5%, which is the highest annual growth since 1983, according to Limra.
Houston-based advisers Brandon Glasscock and Mandy Haskell are joining the firm’s independent adviser channel.
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
Robert Patti manages $280 million in Marietta, Georgia
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
The company is investing in its technology infrastructure — including digital initiatives and virtual tools — to improve the relationships between clients and their financial advisers.
The creation of draft proposals for International Sustainability Standards Board is expected imminently.
A new report from Celent shines light on the trend of traditional retailers like Walmart migrating into the wealth management space.
The regulator said that firms should stress-test trading positions in light of 'current events and potential market movements.'
Lance Murphy, who's based in Houston, has 26 years of experience, much of it with asset management companies.
KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.
Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.
The RIA channel saw a net gain of 1,530 financial advisers in 2021, while the wirehouses had a net loss of 2,065.
