LPL, Stratos Wealth Partners Welcome $311M Team
Barton Spector Wealth Strategies focuses on retirement income planning and cites the DOL rule for the move.
Wells Fargo Increases Fake-Account Estimate 67%
The bank says it will pay $10.7 million in customer compensation.
Firms Announce Tech Plans; One Strikes a Deal
LPL Financial plans to launch a new mobile app in 2018 so clients can access their account information anywhere, anytime.
Another Sign DOL Rule Will Exclude Class-Action Provision
The latest comes from a Justice Department letter to the federal court hearing the Thrivent case opposing the provision.
Raymond James Recruits $150 Million Father-Son Team From Merrill
John R. Edgecomb Sr. and his son John Robb Edgecomb Jr. recently joined the Austin-Barton Hills office of Raymond James & Associates.
Are You Ready for T+2?
The shorter settlement period for trades — two days instead of three — has implications for financial advisors.
6 Big Banks Sued Over Alleged Stock Loan Collusion
Three pension funds called the $1.72 trillion international stock loan market good for the banks that do the lending but "bad for virtually everyone else."
DFA Announces Second Leadership Shakeup This Year
Co-CEO Eduardo Repetto is leaving; current co-CIO Gerard O'Reilly will replaces him in September.
Sen. Warren Urges Yellen to Remove Wells Fargo Board
"New evidence" shows more infractions against Wells Fargo customers, Warren said.
Wells Fargo Names Elizabeth Duke Chair as Sanger to Exit After Scandal
Calls for changes on the board intensified last month after the bank said 500,000 clients might have unwittingly paid for auto protection.