Goldman Profit at 5-Year High as Every Business Tops Estimates
The investment bank turns things around after last quarter's decline in net income.
New Hire Roundup: Ken Fisher Is Not Retiring—Yet
Reports of Fisher’s imminent retirement were exaggerated. Meanwhile, asset management firm TCW Group announced that Heather Conforto Beatty joined as SVP.
Half of Retirees Wish They Had Quit Earlier
If they could have retired with the same amount of money, retirees wish they had stopped working four years earlier, an NY Life survey found.
Schwab Posts 7% Profit Decline for Q1 Despite Asset Growth
The company points to higher compensation costs as a cause of its falling net income.
BDs Fall Short on Protecting Seniors: SEC, FINRA
Report finds some BDs are recommending unsuitable products to seniors and could be violating FINRA’s communications rules.
BofA Misses Q1 Estimates; Wealth Profits Fall 11%
Merrill Lynch boosts its advisor force and faces higher compensation and related costs.
Female FAs Tired of Playing Musical Chairs: Ann Hughes
Recruiting existing female advisors is simply a game of musical chairs. Ann Hughes, consultant-with-a-mission, says it's time for a new game.
DOL Releases Fiduciary Plan
The DOL's long-anticipated, controversial redraft of its rule to redefine fiduciary for retirement plans is now out for public comment.
Chairman-Elect Joe Votava Resigns From CFP Board of Directors
Current Chairman Richard Rojeck to assume duties; new chairman to be elected in June to replace Votava.
Wells Fargo Sees Q1 Profit Drop on Weaker Bank Results
Meanwhile, wealth and brokerage operations boost net income 18% in the period.