Fed's Dudley Says Wells Fargo Shows Bank Culture Needs Improving
Comparing the recent scandal to the mortgage crisis, "There was a serious mismatch" between values and incentives, he explains.
Female Advisors More Likely to Be Fired for Misconduct Than Male Advisors: NBER Study
Study found “the financial industry is willing to give male advisors a second chance, while female advisors are likely to be cast from the industry.”
How Trump Presidency Is Boosting Demand for Impact Investing, ESG Funds
Trump's executive orders and proposed budget cuts affecting environmental and social programs are increasing demand for impact and ESG investments.
Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
More Merrill Departures: Recruiting Roundup
Raymond James adds an employee team, and HighTower grabs a breakaway duo; Triad recruits a group from Commonwealth Financial.
The ‘Best Advisors’ Serve Families, Not Individuals: OppenheimerFunds
The mutual fund company is holding workshops throughout the U.S. to help advisors learn how to retain generations of wealthy families as clients.
Trump Labor Nominee Acosta to Get TV Advertising Push
America Rising Squared, a Republican group, is launching a six-figure TV ad campaign supporting Acosta, whose confirmation hearing has been delayed until March 22.
Morgan Stanley to Launch Small Retirement Plan Platform
The wirehouse says its advisors can use the technology to offer small-business clients the ability to handle 401(k) plans with less than $10 million.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Janney, Raymond James Grab Merrill Reps: Recruiting Roundup
The broker-dealers are set to add more than $285 million in assets in New York and Kentucky.