BNY Mellon's Pershing Realigns U.S. Business
By Jeff BermanEffective May 1, the firm will be newly aligned under two main segments: Wealth Solutions and Institutional Solutions.
April 20, 2021
RIA Sequoia Financial Strikes Deal, Pushing Assets to $7BThe merged Ohio firms will operate under the Sequoia name in Colombus and have about 110 employees.
April 20, 2021
Marguerita Cheng: To Boost Advisor Diversity, Look Beyond RecruitingThe Blue Ocean Global Wealth founder tells ThinkAdvisor that the industry should encourage teamwork over cutthroat competition.
April 20, 2021
FINRA Suspends Broker Named as Client TrusteeThe broker, now at Waddell & Reed, violated Cetera's broker-as-beneficiary rules, FINRA says.
April 20, 2021
Goldman Reveals Black Workforce Numbers for the First TimeOf the bank's 1,548 U.S. executives, senior officials and managers, 49 — or 3.2% — are Black. Overall, Blacks account for 6.8% of its U.S. workforce.
April 20, 2021
Ex-Broker Charged With Stealing a Client's Life SavingsThe client was left with a $63,000 tax bill and his home in foreclosure, according to prosecutors.
April 20, 2021
Morgan Stanley to Sell E-Trade Advisor Services for $55MThe sale of the custody business to Axos Clearing includes some 200 RIA clients with about $23 billion in assets.
April 20, 2021
Consumer Group Presses SEC's Gensler to Define 'Best Interest'Spelling out this definition is the only way to ensure Reg BI has any teeth, consumer advocate Barbara Roper says.