Raymond James Adds Team of Women From Morgan Stanley: Recruiting Roundup
Meanwhile, TD Wealth grabs a group in New Jersey from Wells Fargo.
SEC Shortens Trade Settlement Cycle to 2 Days From 3
The T+2 rule is designed to enhance efficiency and reduce risk, the SEC says.
Trump Education Department Now Allows Big Collection Fees on Defaulted College Loans
The new guidance affects loans from lending institutions made before the feds took over the student loan program in July 2010.
Raymond James Nabs More Merrill, Wells Fargo Teams
The groups join in Virginia and Pennsylvania with client assets of about $350 million and $138 million, respectively.
Fed's Dudley Says Wells Fargo Shows Bank Culture Needs Improving
Comparing the recent scandal to the mortgage crisis, "There was a serious mismatch" between values and incentives, he explains.
Female Advisors More Likely to Be Fired for Misconduct Than Male Advisors: NBER Study
Study found “the financial industry is willing to give male advisors a second chance, while female advisors are likely to be cast from the industry.”
How Trump Presidency Is Boosting Demand for Impact Investing, ESG Funds
Trump's executive orders and proposed budget cuts affecting environmental and social programs are increasing demand for impact and ESG investments.
Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
More Merrill Departures: Recruiting Roundup
Raymond James adds an employee team, and HighTower grabs a breakaway duo; Triad recruits a group from Commonwealth Financial.
The ‘Best Advisors’ Serve Families, Not Individuals: OppenheimerFunds
The mutual fund company is holding workshops throughout the U.S. to help advisors learn how to retain generations of wealthy families as clients.