Millionaire boom in Asia pushes highest rate hike in decade for wealth managers
Those willing to jump to rival are seeing increases of 30% or more in Hong Kong and Singapore.
Fidelity sees two zero-fee index funds rake in almost $1 billion in first month
The Fidelity Zero Total Market Index Fund attracted $753.5 million, while the Fidelity Zero International Index Fund drew in $234.2 million.
Janney lands $445 million team from Wells Fargo Advisors
The five professionals will join Janney in its offices in Connecticut and New York.
Three disruptions reshaping fixed-income markets
Explosion in the amount of market data available will increase the role of technology in bond investing.
Ameriprise scoops up $140M family team from Wells Fargo
Peter De Arcangelis will be joined at Ameriprise by his wife and his daughter.
As ESG investments boom, asset managers seek out fixed-income options
Bonds have potential to be a popular ESG asset class for impact investors.
Galvin dings North Carolina brokerage $400,000 for ‘shutting its eyes’ to violations
Capital Investment Group allegedly failed to supervise an agent who solicited money from clients for his own business ventures.
SEC bars owner of investment advisory firm for misusing $2.2 million in client funds
Caleb R. Overton raised the money to invest in an S&P 500 ETF but instead allegedly played options and lost all but $34,000 in a little over a year.
Raymond James lands $1 billion team from Wells Fargo Advisors in New York
The four-person adviser team got its start in 1987.
JPMorgan offer of free trades hits discount brokerages
Firm's new mobile investing platform gives clients 100 free trades in the first year and free equity research.