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Advisor attrition dropping at Merrill Lynch
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Citi’s wealth CIO is stepping down
David Bailin is exiting the banking giant’s ranks after 15 years of service.
Regions Bank launches team dedicated to philanthropic ambitions
Bank announces seasoned leader for new wealth management team.
BlackRock executive joins investment technology firm SimCorp
New hire will lead the firm's operations in the Americas.
Call options for stronger dollar are getting costlier
Betting on the greenback's resilience comes at a price.
Householder Group expands its matchmaker succession program
Arizona-based wealth firm is helping more retiring advisors connect with successors.
Arete Wealth pays out $1.1M in arb claims to start 2024
"We have a handful of open cases against Arete Wealth, and some involve Center Street, as well," says a plaintiff's attorney.
Citizens Financial taps Morgan Stanley exec for wealth business
Paul Casey is joining to head the bank’s wealth management arm, with a mandate that spans from mass affluent to ultra-high-net-worth clients.
Virtual course for financial planners enters its fifth year
With 700 people already on the wait list, the online program to train aspiring college students and new advisors is now open for registration.
Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Apex declares liftoff for new ACATS protocol
Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.
Modern Wealth hires former Goldman leader to drive growth initiatives
Industry veteran Jason Del Col joins the $3 billion firm as head of advisory.
Stability, finally, at Wells Fargo Advisors?
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
Biden takes another $7.4B step in fight to tame student debt
The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.
Empower settles with former advisors in poaching case
The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.
Carson Group hires former Envestnet, LPL executives to bolster growth strategy
Dani Fava is joining the firm as its chief strategy officer.
Cathie Wood’s $54B ARK VC fund buys into ChatGPT owner
The asset manager has acquired a stake in OpenAI.
Brookfield said to be weighing private credit firm stake
Asset manager is reportedly in talks with Castlelake.
Poor REIT sales signal potential cuts in valuations
'The problem is, when an NAV gets shaved, advisors and investors get pissed off,' one executive says.
First Horizon names new head of wealth management, private banking
Experienced leader will lead the $65 billion wealth management unit.
