Banks Gobbling Up RIAs as Consolidator Field Shrinks: DeVoe
The number of deals is up in the first half of 2017, but the average asset level of the M&As makes a steep decline.
Fidelity Trims Index Fund Fees, Challenging Vanguard
The firm cuts total expenses by nearly 10 basis points in move to capture more passive-investor assets.
A Family Affair
News doesn't slow down much in the summer, especially with a new president and the start of a hotly debated regulatory regime for advisors.
BDs Address Fiduciary Rule, Growth Challenges
There was not a slowdown in news at major broker-dealers this summer.
10 Best & Worst Broker-Dealers: Q2 Earnings, 2017
Most large financial firms with broker-dealer operations have reported their results for the quarter.
Raymond James' Wealth Group Boosts Profits 56%
The number of advisors jumps 451 from a year ago to nearly 7,300.
Fidelity Clearing to Partner With Goldman, US Bank; Expand Loans to Wealth Clients
RIAs, broker-dealers and family offices will be able to offer securities-based loans of up to $25 million through the program.
Wells Fargo FiNet Adds 2 Merrill Teams in California: Recruiting Roundup
As the bank's recent data leak grabs headlines, Dynasty Financial brings on one of its former reps and staff.
$2M Wells Fargo Team Moves to Janney
The recruiting news comes just days after a scathing report about the bank's release of private information on 50,000 clients and advisors.
Wells Fargo Data Fiasco Raises Red Flags, Demands Serious Change: Lawyer
Other bank observers point to the multiple problems exposed by the recent leak of private data of 50,000 clients and advisors.