Fund Expenses Drop 7% in 2016; Vanguard Leads the Pack: Morningstar
The largest fund family had an asset-weighted average expense ratio of 0.11% last year, the research firm says.
Raymond James Adds 2 Teams from Wells Fargo: Recruiting Roundup
Meanwhile, HighTower brings on a breakaway group from Merrill Lynch in Florida.
BD Stocks Feel Bite as DOL Fiduciary Deadline Nears
Meanwhile, financial analysts say Trump could bring broker-dealers, insurers and asset managers relief from some aspects of the reform package.
Senior Financial Abuse Prevention Bill Gets Texas Lawmakers' OK
The Financial Services Institute says it worked with state legislators on the new rules.
Merrill to Pay Fine Over Trading, Disclosure Issues
More than 1,000 trades were not executed to get clients the best prices, and investors didn't get compensation info on thousands of trades.
UBS Launches Premium Credit Card to Attract Wealthy Clients
The firm hopes to boost its banking business with a luxury-themed concierge service and rewards program.
Clara Shih, Digital Doctor: The 2017 IA 25
The executive and tech entrepreneur helps advisors and broker-dealers tap into the power of social media.
LPL Shares Details on 108 Recruited Reps, Newest Partner & Tech Woes
The IBD picked up at least $4.2 billion in assets in Q1'17; earlier this month, its IT network and backup systems went down.
Dallas Cowboy Sues Ameriprise Over Advisor’s Fraud
The football player claims the firm never told him about his ex-advisor's suspension or moved to stop fraud.
Best Firms for Self-Directed Investors: J.D. Power — 2017
More banks are moving into this space; millennials are demanding as clients and can easily jump to robos, the survey finds.