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New Hampshire pulls $239 million from Ken Fisher
INDUSTRY NEWS OCT 22, 2019
New Hampshire pulls $239 million from Ken Fisher

Its announcement brings the amount divested from his firm to more than $2 billion.

By Bloomberg
4 ways to help clients control their digital afterlife
OPINION OCT 22, 2019
4 ways to help clients control their digital afterlife

A new law helps people determine what happens to their digital assets after they die, but the law's provisions only apply if they take specific action

By Amy Florian
INDUSTRY NEWS OCT 22, 2019
Merrill Lynch trio managing $256 million moves to Ameriprise

Craig Stiles, Gregory Miller and Nathan Clark join employee unit in Lansing, Mich.

By InvestmentNews
INDUSTRY NEWS OCT 22, 2019
Wells Fargo trio managing $225 million moves to RIA

Bratton DuBose, Daniel Bettencourt and Rebecca Damann join Ashton Thomas Private Wealth in Bozeman, Mont.

By InvestmentNews
REGULATION AND LEGISLATION OCT 22, 2019
SEC suggests advisers rebate revenue-sharing payments

In a seven-page FAQ, the agency takes a hard line on 12b-1 fees.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 22, 2019
UBS eliminating SMA management fees

The company believes the move will help advisers compete for business.

By Ryan W. Neal
INDUSTRY NEWS OCT 22, 2019
Three Wells Fargo reps managing $150 million move to Raymond James

Roper Fields, Thomas Fields and B.V. Lawson join employee unit in Cool Springs, Tenn.

By InvestmentNews
Inside Ken Fisher's private kingdom
INDUSTRY NEWS OCT 21, 2019
Inside Ken Fisher's private kingdom

His firm's hardball culture reels in billions.

By Bloomberg
Ex-Morgan Stanley broker Ami Forte barred for role in churning account of HSN's co-founder
INDUSTRY NEWS OCT 21, 2019
Ex-Morgan Stanley broker Ami Forte barred for role in churning account of HSN's co-founder

Her lawyer accuses Finra of throwing book at her while letting Morgan Stanley off the hook.

By Mark Schoeff Jr.
'Trusted' professionals are targeting older Americans
REGULATION AND LEGISLATION OCT 21, 2019
'Trusted' professionals are targeting older Americans

Elderly fraud often involves professional firms and companies, including banks, financial advisers, insurers and law firms.

By Bloomberg
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo
WIREHOUSES OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
Fidelity pulls $500 million from Fisher
INDUSTRY NEWS OCT 21, 2019
Fidelity pulls $500 million from Fisher

Its move brings the total yanked from Fisher Investments so far to $1.8 billion.

By Bloomberg
Saying goodbye to Jud Bergman
OPINION OCT 21, 2019
Saying goodbye to Jud Bergman

Three moments we shared that made Jud unique and the lessons he taught me about becoming a better businessperson.

By Joe Duran
Legislation re-introduced in House to expand pool of accredited investors
REGULATION AND LEGISLATION OCT 21, 2019
Legislation re-introduced in House to expand pool of accredited investors

Bill to include expertise, experience criteria faces difficult legislative prospects

By Mark Schoeff Jr.
Raymond James dips toe into commission-free trades
INDUSTRY NEWS OCT 21, 2019
Raymond James dips toe into commission-free trades

As industry race-to-zero accelerates, the broker-dealer offers free trades to small group of RIAs.

By Bruce Kelly
Merrill Lynch expands free trades for majority of online clients
INDUSTRY NEWS OCT 21, 2019
Merrill Lynch expands free trades for majority of online clients

Bank of America does away with limits on free trades for many during industry price war.

By Bruce Kelly
INDUSTRY NEWS OCT 21, 2019
Ex-Morgan Stanley broker Ami Forte barred for role in churning account of HSN's co-founder

Her lawyer accuses Finra of throwing book at her while letting Morgan Stanley off the hook.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
INDUSTRY NEWS OCT 21, 2019
Trio managing $380 million at Wells Fargo joins Janney

Christopher Ozazewski, Elizabeth Plunkett, Eric Decker are based in Bel Air, Md.

By InvestmentNews
INDUSTRY NEWS OCT 21, 2019
Merrill Lynch expands free trades for majority of online clients

Bank of America does away with limits on free trades for many during industry price war.

By Bruce Kelly