Compliance Data Analytics: Do as Regulators Say AND as They Do
Financial services firms should follow the lead of the SEC and FINRA and use more sophisticated technology tools to improve their compliance programs.
4 Ways to Strengthen BICE in DOL’s Fiduciary Rule
The Labor Department’s proposed rule is historic and can be improved by industry suggestions, as long that input doesn’t weaken the rule.
Wells Fargo, Raymond James Add Reps From UBS, Merrill & Morgan Stanley
A veteran female team goes independent in Utah.
How Raymond James Is Boosting Employee Advisors
“Recruitment and growth opportunities" on the East and West coasts “appear to be near infinite,” Private Client Group head Tash Elwyn says.
Morgan Stanley Q2 Wealth Profits Up 20% as Advisor Headcount Falls
CEO Gorman said the advisor recruiting environment was "pretty stable" and that the firm was unlikely to pursue an acquisition.
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel Profit
The news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
Wells Fargo Mulls Robo-Advisory Offering
The news comes more than five years after BofA rolled out Merrill Edge.
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015
Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.
Wells Fargo Profits Flat, but Wealth Unit Jumps
The wealth unit’s Q2 results had an 11% rise in profits on higher asset-based fees.
JPMorgan Profit Beats Analysts’ Estimates as Expenses Drop
The bank boosts net income despite a drop in revenue amid sluggish fixed-income trading.