JPMorgan Abandoning Commissions … Or Not?
The firm told clients they have to move to fee-based or self-directed accounts, unless there is a delay in DOL's fiduciary rule implementation.
Will Schwab’s New Hybrid Platform Steal Clients From Schwab RIAs?
Schwab's new robo-human Intelligent Advisory platform could lure clients away, argues one recruiter, while another disagrees.
Raymond James to Join S&P 500
The broker-dealer's market capitalization has risen above $10 billion.
Merrill Opens ‘Pandora’s Box’ With Shift on Commissions: Analysts
KBW weighs in on what moving away from a fee-only approach could mean for recruiting, operations and legal issues.
Morgan Stanley to Launch Small Retirement Plan Platform
The wirehouse says its advisors can use the technology to offer small-business clients the ability to handle 401(k) plans with less than $10 million.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Voya to Pay $3.1M for Not Disclosing Payments Tied to Fund Sales
The advisor group will pay penalties for failing to tell clients about revenue collected from a third-party BD, the SEC said.
Bill Gross on ‘Animal Spirits’ in Markets: Be Concerned
The highly levered financial system is "like a truckload of nitroglycerin on a bumpy road," Janus' Bill Gross warns.
Janney, Raymond James Grab Merrill Reps: Recruiting Roundup
The broker-dealers are set to add more than $285 million in assets in New York and Kentucky.
Jim Putnam Now LPL’s Board Chairman
The executive takes on the role as the the independent broker-dealer's former leader, Mark Casady, retires.