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Lingering pain for clients of defunct broker-dealer
The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
More job cuts to come, meanwhile JPMorgan is hiring.
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
Should the SEC turn to a third-party organization to help it increase the number of exams?
CFP Board taps Elizabeth Miller as 2024 chair-elect
Miller will succeed the current chair-elect Matt Boersen next year and will subsequently ascend to chair of the Board in 2025.
Why investment banking deals should be part of your firm’s tool kit
Having a capital markets division in-house gives financial advisors the opportunity to access high-quality transactions for their clients.
Understanding WhatsApp supervision
What financial services firms need to know about the risks of scraping software versus the benefits of an API-based integration.
Capturing more wallet share with cash
Yields on cash offerings are higher in current market conditions, a trend that has attracted investors' attention.
LPL furthers commitment to more inclusive financial services industry
The firm has given its support to the National LGBT Chamber of Commerce and the LGBTQ+ advisor business community.
Financial planning for a Hollywood strike
Clients affected by the writers' and actors' strikes have different needs but could be out of work for some time.
FPA rolls out welcome mat for alternative investments
A partnership with the Chartered Alternative Investment Analyst Association will help FPA members educate themselves and their clients about alternatives.
Morgan Stanley reports $78M in severance to axed wealth management employees
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Gensler says AI holds promise, peril for financial advice
The SEC chair calls AI 'the most transformative technology of our time,' but emphasizes the agency's focus on fraud.
Clarence Thomas, Taylor Swift and that gift your client was nice enough to send
Finra's rules on gifts exist as a line in the sand between right and wrong, but advisors should know what is appropriate to give or receive.
How to keep junior advisors from washing out before they get started
Wealth management firm explains how it bucked the trend with a 90% retention rate.
What’s keeping investment firm compliance officers awake at night?
The Investment Adviser Association reveals the results of its 2023 Investment Management Compliance Testing Survey.
Credit Suisse bleeds bankers, UBS saves on payouts
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
Future of Thrivent Advisor Network in question after Armitage exit
Top exec says firm changed direction as platform posed too much competition for its legacy insurance side.
Closing broker-dealer’s financials ‘were horrible’
Arizona-based Arque Capital Ltd. sold bonds issued by bankrupt GWG Holdings Inc.
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
The big wealth manager palms off 'low value' clients in Australia.
After years going solo, Edward Jones advisors now sharing offices
A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.
