Wells Fargo Must Rehire Fake-Accounts Whistleblower, Pay $577K
Department of Labor made the decision Friday, when private info on 50,000 clients and advisors was released.
Wells Fargo Shares Private Info on 50,000 Clients and Advisors: Report
The data breach includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
Morningstar, MMI Launch Sustainable Investing Initiative
The program is focused on educating financial advisors about ESG investments because an increasing number of clients are demanding them.
Ameriprise Adds $463M Employee Team From Merrill Lynch
The three new advisors are based in Northern California and come on board with four other professionals.
Advisors, Plan Sponsors Out of Sync in DC Plan Space
Wells Fargo Asset Management compared its survey advisors to a previous one of plan sponsors to discover the gaps.
Raymond James, RBC Add Advisors, Exec From Wells Fargo: Recruiting Roundup
Wells Fargo Advisors says it lost over 3% of its FAs over the past 12 months and 1% in the last quarter.
Merrill vs Morgan: Q2 Earnings, Wealth Results
The two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.
BofA, Goldman Sachs Reverse Roles With Core Business Letdowns
Bank of America beats on trading while Goldman boosts lending; both firms’ stocks jumped more than 30% after Trump’s election.
Big Banks Continue Winning Streak, With Street at Least
U.S. banks reporting earnings Friday lengthened their streak of surpassing or matching expectations which, to be fair, are managed by bank executives.
JPMorgan Just Had the Most Profitable Year in the History of Banking
Stocks drop across finance industry as earnings season begins; ‘Earnings bring us back to the underlying results’: analyst.