JPMorgan Turns Bullish on Future of Global Banks
Goldman Sachs, Morgan Stanley take top spots in firm’s ranking; U.S. investment banks ‘better managed than ever,’ analysts say.
$2.5M Wells Fargo Team Goes Indie With Raymond James
The group has $500 million in assets; it includes twin brothers, Scott & Gregg Powers, who have worked together since 1992.
3 DOL Fiduciary Compliance Challenges Advisors Face
An Aite Group survey of advisors asks how difficult they think various tasks will be under the fiduciary rule.
Trump Said Likely to Name Hester Peirce as SEC Commissioner
Peirce, a former SEC counsel and Senate aide, is the Trump administration’s likely choice to fill the open Republican seat at the SEC.
Sen. Warren Asks Fed to Oust Wells Fargo Board Members
Senator says board ‘did nothing to stop rampant misconduct;’ Fed says it received Warren’s letter and will respond.
BDs Step Up Fight Against Elder Financial Fraud
Broker-dealers reported nearly 2,300 cases of fraud or exploitation to authorities in 2015, NASAA study finds.
Will AdvisorBid Become the ‘Facebook’ of Wealth Management?
The online marketplace has 1,300 active advisors with profiles.
Merrill Lynch Nabs $628M Morgan Stanley Team: Recruiting Roundup
Meanwhile, a large hybrid-RIA recruits an executive from Fidelity Investments’ Clearing & Custody Services business.
Morgan Stanley Gives Reps the OK to Text Clients
The wirehouse rolls out a compliant text messaging program with Twilio and launches a sustainable investing course.
RIAs Add Services Without Raising Fees: Schwab Advisor Study
In an effort to stand out, nearly half of advisors are bowing to this kind of fee pressure, Schwab's Bernie Clark says.