Baird, RBC Wealth Add Advisors From Wells Fargo: Recruiting Roundup
Meanwhile, Raymond James picks up a $1.5 million team from UBS in St. Louis.
Senators Demand Clawback Rule in Response to Wells Fargo Scandal
Executive-pay rules under Dodd-Frank offer regulators a chance “to address these accountability issues at major banks,” wrote Sens. Warren and Menendez.
Morgan Stanley Keeps Commission Retirement Accounts, Despite DOL Rule
The news comes one week after CEO James Gorman discussed the importance of giving clients choice.
A Victory for ESG? Coca-Cola Creating New Brands With Less Sugar
Will the move satisfy investors concerned about the dangers of too much sugar?
Active vs. Passive? No Longer an Either/Or Choice for Advisors
The lines are blurring as actively managed mutual funds own ETFs to provide investment exposure while also controlling costs.
How Goldman Sachs Fires Workers
Investment bank must file “WARN notices” in New York; 43 here, 109 there and pretty soon 443 employees are dismissed.
College Gets More Expensive, Again
Tuition and fees at private and public schools alike keep rising faster than inflation.
SEC Approves Intrastate Crowdfunding Rules
Final rules adopted Wednesday are designed to further facilitate access to capital in cross-state and regional securities offerings.
Schwab’s Bettinger Comments Candidly on Robos, Scottrade, Breakaways
CEO says standalone robos will “fade away” and that Schwab passed on Scottrade deal because of the online broker’s transaction-heavy revenue mix.
Ladenburg Thalmann Hosts Female-Advisor Event for IBDs
The women met in Salt Lake City and heard from Col. Jill Morgenthaler and other VIPs.