Wells Fargo Brand Still Tainted, Hurting Reps & Recruiting
Tuesday's $110 million settlement over fake accounts doesn't mean the fallout for its advisors is going away anytime soon, says a top recruiter.
Religious Health Systems, Facing ERISA Liability, Pin Hope on Justices
Plaintiffs are challenging church plans' exemption through class-action suits.
How BlackRock’s Active Funds Revamp May Hurt Competitors but Help Advisors
BlackRock just made it harder for traditional active money managers to compete in an increasingly price-conscious market.
Vanguard Offers Guidance to Donors Wary of Tax Reform
Questions about how tax reform will affect charitable deductions have been pouring in to Vanguard Charitable from concerned donors.
Vanguard Does It Again: Trims Fees on 15 Fund Shares
The expense cuts affect the popular Wellington balanced fund and a group of active tax-exempt bond funds, representing investor savings of about $23 million.
BlackRock Replaces People With Machines in Revamp of Stock Unit
The world's largest money manager fired 30 people in its active equities group as it shifts even further toward quant strategies.
DOL Sends Final Fiduciary Rule Delay Request to OMB
"We think DOL will move forward with the [delay] announcement as soon as possible after OMB clearance," says Groom attorney Saxon.
Wells Fargo Faulted for Discriminatory, Illegal Lending Practices
The bank’s Community Reinvestment Act rating is slashed two levels, triggers restrictions that may hamper company’s growth.
Wells Fargo Reaches $110M Settlement for Fake Accounts
Agreement may cover more than 2 million unauthorized accounts; judge must still approve nationwide resolution of claims.
Commonwealth Financial Group absorbs two other MassMutual agencies
The general agency's advisors now help 95,000 clients with $6 billion assets.