Most popular stories from January 19 to January 25
Discount broker is upgrading RIA servicing technology and its digital platform to take advantage of seismic industry shifts, CEO says.
UBS AG’s private wealth job cuts include U.S. insurance product veteran, and reorganization of U.S. field managers extends into southern California.
Morgan Stanley hires six brokers in California, New York and Kentucky collectively producing $5.5 million, loses a $200-million-asset Manhattan team to regional firm.
A group of former Wells Fargo & Co. executives are facing almost $59 million in fines and bans from the U.S. banking industry over their roles in the firm’s scandals as regulators show more appetite to go after individuals.
Compensation and administrative expenses in Raymond James private client division jumped 7% last quarter, and profit was down 7%, but firm has no plans to retrench.
Independent advisor entrepreneur cannot clear a 2002 complaint that a customer withdrew because of a rule technicality, according to an arbitration decision.
For the sixth straight year, announced purchases of advisory firms reached a record in 2019, but commercial banks held back and the size of acquired firms fell by 40%.