Time for Advisors to Move Beyond ‘Fintech Fear’: PwC Report
While most wealth managers fear losing business to fintech companies, fewer than half have put fintech at the center of a digital strategy.
Wells Fargo CEO Takes Beating as Lawmakers Demand Accountability
Warren says Wells Fargo's Stumpf should resign, face criminal investigation over opening of 2 million accounts without clients' permission.
Goldman Picks a Side in One of the Fed's Most Contentious Debates
Economists try to get to the bottom of inflation's chicken-or-egg problem.
Paul Ryan: What to Expect if Trump Wins, GOP Controls Congress
House Speaker Paul Ryan discusses six agenda items Republicans would pursue if the party retains control of Congress and wins the presidency.
Digital Client Onboarding: A Key Step Toward Wealth Management Platform Growth
Aite Group describes the increasingly important role of automated client onboarding for financial advisors.
Top Portfolio Products: Global X, Nuveen Add ETFs; Financial Engines Expands Services
Global X introduces three tech ETFs while Nuveen adds bond ETF focused on additional yield.
Pressure Intensifies on Wells Fargo’s Stumpf to Claw Back Pay
Lawmakers cite “multiple grounds” for recouping compensation; Senators’ letter calls out former executive Carrie Tolstedt.
Betterment Played Favorites With Clients After Brexit Vote: Massachusetts Regulator
The regulator is unhappy with the unequal treatment of Betterment’s retail and institutional clients during the firm’s trading halt following Brexit.
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition Period
A British official overseeing trade policy told a SIFMA symposium that the U.K. will “definitely not” begin the process of exiting the EU before year end.
Merrill Hires 3 New York Advisors From UBS
Bank of America-Merrill Lynch has recruited three veteran financial advisors from UBS with combined client assets of $750 million.