Wirehouses to Keep Losing Market Share: Report
By Jeff BermanAite-Novarica Group predicts the wirehouses' share of client assets could drop from 25% in 2021 to 21.9% by 2025.
December 29, 2021
RIA Industry Is 'Under-consolidated': Focus Financial's AdolfWhile there were over 200 deals in the space in '21, the executive says there should be more like 300 or 400 transactions a year.
December 29, 2021
New 'Birthday Rules' to Help Some Medigap Users Switch PlansThe switching periods will give agents a chance to offer some clients more options.
December 29, 2021
Vanguard's Ongoing Website Issues May Be Its 'Worst Tech Screw-up' Ever: Source"It's a nightmare. This is the worst possible time for something like this to happen," says Dan Weiner, editor of The Independent Adviser for Vanguard Investors, a newsletter.
December 29, 2021
Harry Reid, Senate Leader Who Guided Obama's Agenda, Dies at 82The Nevada politician worked in the arena of backroom dealmaking, with a penchant for hardball tactics and a keen sense of the Senate's pressure points.
December 28, 2021
James Cayne, CEO for Bear Stearns Rise and Fall, Dies at 87Until 2007, Cayne was among Wall Street's brightest stars; when the firm ran out of money in 2008, the then-chairman was at a bridge tournament.
December 28, 2021
Goldman Sachs: Build Back Better Won't PassThe expectation from Goldman economists led them to lower their GDP forecast for 2022.
December 28, 2021
Ex-Waddell & Reed, NYLife Reps Sanctioned for Alleged ForgeryFINRA bars the former New York Life registered representative, while fining and suspending the ex-Waddell & Reed rep.