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Wells Fargo attracting advisors to fast-growing indie channel
The Wall Street firm wants a bigger slice of the wealth management pie.
Are US consumer stocks facing shocks?
Morgan Stanley's prominent equity bear says consumer spending will ease.
Oil price surge is bad news for EMs
The rise in prices may scupper outlooks of emerging market bulls.
What’s happening in the gold markets right now?
Unraveling of the relationship between gold and real interest rates could be a paradigm shift for the precious metal.
The puzzle posed by annuities
Perhaps the lack of demand among clients is a function of a lack of understanding of annuities among advisors.
TIAA hires six new leaders for wealth management team
The executives, all of whom are joining from other firms, will complement TIAA's current staff 'to help clients prepare for retirement and reach their financial goals,' an executive says.
Climate Week’s biggest news wasn’t part of Climate Week
Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.
SEC penalizes small Wisconsin B-D $50,000 over Reg BI faults
Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.
Wells Fargo names Tom Nides vice chairman
Nides, former U.S. ambassador to Israel, has moved back and forth between Washington and Wall Street for years, including two stints at Morgan Stanley.
JPMorgan Private Bank hires $2B high-net-worth advisor team from rival
Three advisors boost the firm's reach in the Pacific Northwest.
Home-flipping profits increased in the second quarter
But we are a long way from the peaks hit in 2021, and will the trend stick?
Hedge fund billionaire accused of hiding assets during divorce
Lawsuit alleges John Paulson used a sham home sale to gain $10M from family trust.
China may change foreign cap to entice global funds
Beijing is considering ways to boost trading on three key markets.
China’s ultra-rich head home as tensions with US increase
Wealthy Gen Zs are mulling whether to stay in the West or return to Asia to build their wealth.
Altruist eliminates software fees for RIAs
Advisors who custody exclusively with Altruist will receive free software, while firms that work other custodians will get the first 100 accounts for free.
Political clock ticks as Labor readies next version of fiduciary rule
The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.
Former Merrill star manager Oden jumps to HSBC
But big banks can fall flat when it comes to building a home for financial advisors.
BlackRock, State Street among asset managers closing ESG funds
Fund companies unwound more than two dozen ESG funds this year, according to Morningstar data.
Why you should be offering ‘unretirement’ planning solutions
Millions of Americans plan to return to work for financial or social reasons.
Fed may have to hike again, says JPMorgan chief
Jamie Dimon says the central bank was "a day late and a dollar short" in beginning hikes and may have to do more.