FINRA Bars Rep for $15M of ‘Unsuitable Trades’ in Retiree Account
The client was a longtime Colgate-Palmolive employee who lost dividends and paid $375,000 in markups and other fees.
Wells Fargo Pulls Bonuses, Claws Back Top Exec Awards
Bogus-account scandal costs eight leaders pay, equity awards; CEO Tim Sloan, CFO John Shrewsberry among those affected.
Buffett’s 8 Nuggets of Investing Advice: Berkshire Shareholder Letter 2017
The Oracle of Omaha spells out the secrets of his success in his yearly letter to Berkshire Hathaway shareholders.
Morgan Stanley Takes $70M Charge for Tax-Reporting Errors
The wirehouse said the tax-reporting issues affected wealth management clients from 2011 to 2016.
The Problem With Client ‘Satisfaction’ and ‘Engagement’
When assessing how satisfied or engaged another person (or client) is in a relationship, that person’s actions, not words, say it all.
Most Middle-Income Boomers Feel Unprepared for Retirement: Survey
Just 31% of middle-income boomers feel prepared for retirement now compared to 41% before the financial crisis, according to a Bankers Life survey.
Vanguard Cuts ETF Fees as Race-to-Zero With BlackRock Heats Up
Fees lowered on emerging market and European stock ETFs; move follows expense reductions by BlackRock, State Street.
Millennials: Who Are They and What Do They Want?
After graduating from college at a rate surpassing all previous generations, millennials tend to consider themselves smart consumers, adept at Googling whatever they want to know.
Thinking Millennial: How to Woo the Largest Generation
Feel the ground trembling underfoot? It's the largest generation in American history thundering into the economy.
For Self-Employed Workers, Retirement Is Flexible
Self-employed Americans value flexibility in their work and are looking for that same quality in their retirement, according to a study.