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.
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.
Clients Clamoring for ESG Investing Advice
Failure to to talk about ESG risks alienating clients, who will be asking about these investments, according to a new survey from State Street.
Wells Fargo Gives More Details on Robo Service
The program has a minimum investment of $10,000 and a yearly cost of 50 basis points, which includes phone-based financial advisor support.
New Money Market Fund Rules Working as Planned: NY Fed
As a result of the new rules, money has shifted away from riskier institutional prime and muni funds into safer government funds.
March Madness: How to Move Your Value Prop to a Higher Bracket
Your real competition isn’t the market, it’s other advisors, including those pesky robo-advisors. Here are five ways get into the advisor Final Four.
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.