Only 16% of Advisors Are Women: Cerulli
Cerulli makes the case that increasing women’s representation among advisors brings concrete business advantages.
Yellen Says Economy Near Goals, Warrants Gradual Rate Hikes
U.S. central bankers are bracing for what could be an economic regime shift.
House Bill Would Let Students Pay Off Loans With 529 Plans
The legislation also would encourage companies to help employees save for college or for disability care via tax incentives.
Schwab, TD Ameritrade Post Strong Q4 Earnings as New Accounts, Assets Soar
Assets in proprietary Schwab ETFs rose more than 50% from last year to $62 billion.
CFPB Sues Navient, the Largest US Student Loan Servicer
The CFPB charges Navient with illegal practices that pushed borrowers deeper into debt or prevented their participation in income-driven repayment plans.
Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme
A fund manager moved 47 investors’ money around in a classic “shell game,” Secretary William Galvin said.
Goldman, Citi Beat Estimates as Trading Buoys Wall Street
Banks follow JPMorgan, BofA, Morgan Stanley in bond rebound; Blankfein, Corbat continue push to reduce firmwide expenses.
Former Lehman CEO Fuld, Neuberger Berman Execs Form RIA
Matrix Wealth Partners aims to work with clients selling closely held businesses and looking to invest the proceeds.
Deutsche Bank to Pay $7.2B for Misleading Investors
Mortgage probe by Justice Department was among the bank’s biggest litigation risks.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.