Raymond James Adds $170M Morgan Stanley Duo, Shares Financial Update
The firm boosted assets, fees and commissions in August and in September had "elevated expenses" tied to Hurricane Irma.
5 Big IBD Deals Dwarf RIA Mergers in 2017
Five large IBDs “are helping to shape the IBD channel into a concentration of a small number of large firms,” Fidelity reports.
How to Get Medicaid for Nursing Home Care Without Going Broke
Even well-off people can easily go broke paying for nursing home care. But it doesn't have to be thus, Medicaid expert Gabriel Heiser tells ThinkAdvisor.
SEC Chief Clayton Reveals Cyber Breach in EDGAR System
In a sweeping statement, agency says it learned in August that the 2016 breach "resulted in access to nonpublic information."
RBC Adds $350 Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup
Meanwhile, wirehouse reps depart for Baird, Ameriprise and Arkadios Capital; Royal Alliance and CAPTRUST attract large groups.
Regulators Charge SII With ‘Unethical’ Conduct Tied to REIT Sales
Advisors' commissions on the sales topped $278,000, according to Massachusetts securities regulator William Galvin.
Obama Goes From White House to Wall Street in Less Than One Year
Ex-president speaks to Carlyle, Cantor and Northern Trust; “If someone is willing to pay him to give a speech, God bless.”
World’s Biggest Wealth Fund Hits $1T
The sovereign wealth fund, which manages oil wealth for future generations, has ballooned in size since the first cash injection in 1996.
Vanguard Charitable Adds Tool to Help Donors Research Nonprofits
Vanguard Charitable has rolled out a search function to help donors vet organizations they may be interested in supporting.
Lagarde Says Trump’s Slow Pace on Tax Reform Hurts Growth
U.S. delays on tax reform and infrastructure spending could frustrate the Trump administration’s efforts to almost double economic growth, IMF Managing Director Christine Lagarde said.