Wall Street Eyes More Job Cuts After Headcount Swells in 2020
By Sridhar NatarajanWhile the six biggest banks have cut 140,000-plus jobs over the past eight years, they've added some 2,000 employees this year.
November 18, 2020
Younger Investors Want to Increase Advisor Use, Automate Investing: CerulliOf investors in their 40s, 40% said they wanted to increase their reliance on advisors versus only 9% of investors over 70.
November 18, 2020
Ponzi Scheme Suspect Tried to Flee FBI on Underwater ScooterMatthew Piercey of California led agents on a car chase, then ditched his truck and swam into a lake, the prosecutor says.
November 18, 2020
Wells Fargo Exec: Fractional Shares Are 'Democratizing' InvestingIn addition to making pricier stocks available to more investors, fractional shares make systematic investing easier, Joe Nadreau says.
November 18, 2020
'RJ' Moore Is Back in LPL OrbitMoore, a former president of LPL and ex-Cetera CEO, is now the chief of LPL's biggest affiliated RIA.
November 18, 2020
Fintech Firm Oranj to Close by Year-EndOranj staff members are in touch with the firm's 500-plus advisor clients about transitioning to other fintech firms.
November 18, 2020
UBS Wealth Picks Ex-Chicago Bear to Lead Athlete SegmentAdewale Ogunleye, a former Pro Bowl defensive end, earned an MBA after being defrauded by his financial advisor.
November 18, 2020
U.S. Death Gap Grows: DemographerIn 2018, baby boys in the top socioeconomic category could expect to live 7.4 years longer than baby boys in the lowest category.