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Morgan Stanley’s decision to cut Vanguard funds likely due to DOL fiduciary rule
Because of the fiduciary rule, broker-dealers are looking to have level compensation across their platforms.
Wells Fargo duo moves to HighTower
Buffalo, N.Y.-based two-person team manages $175 million.
Wells Fargo loses $700 million team to Raymond James
Four-man adviser team in Huntsville, Ala., will operate in indie-employee channel.
Wells Fargo loses $230M team to Raymond James
Four-adviser team Cygnus Asset Management of Charlotte, N.C., is leaving Wells Fargo's Financial Network channel.
Wells Fargo scandal cost the bank another 225 reps
The fallout surrounding Wells Fargo & Co.’s infamous practice of opening checking and credit accounts that customers didn’t…
Wells Fargo Advisors’ Intuitive Investor robo-adviser technology files ADV registration
The service, which will be launched as a pilot program for customers in June, will require a minimum investment of $10,000 and charge 50 basis points.
Investor optimism highest since 2000: Wells Fargo/Gallup Investor and Retirement Index
Investors are more confident about retirement, but evenly split on impact of rising interest rates, according to the recent report.
Wells Fargo loses employee broker duo to Raymond James
Team in Virginia manages $138 million in assets.
Wells Fargo loses a $500M team to Ameriprise
Four-person team joins firm's employee channel in Charleston, S.C.
Client wins $357K clawback in arbitration from Wells Fargo over unsuitable investments
The award cited unsuitable investments made in energy and housing products.
Finra bars former Wells Fargo rep for churning accounts of 93-year-old
Illinois broker Matthew Maczko earned more than $640,000 from $3 million in assets
How do you deploy cash in this market?
Putting fresh money to work in today's market can be particularly worrisome, with the S&P 500 currently selling for 21 times its past 12 months' earnings.
Senator Elizabeth Warren tells acting DOL secretary, ‘Financial firms back fiduciary rule’
Twenty-one firms have responded to a Jan. 19 letter challenging them to resist the Trump administration's efforts to stop the regulation, Ms. Warren told Acting Labor Secretary Edward Hugler.
Sen. Elizabeth Warren alleges Labor Department removed website tied to Wells Fargo investigation
Ms. Warren said she received a “page not found” error this week when she tried to access a site set up to track complaints from the bank's employees.
Sen. Elizabeth Warren challenges financial firms to resist efforts to delay DOL fiduciary rule
Letter to 33 companies asks six questions, including whether they support the delay or would reverse course on changes already implemented if a delay occurs.
Veteran PNC Wealth Management rep goes independent
$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families.
Prudential halts some insurance sales through Wells Fargo after ex-employees’ whistleblower lawsuit
Plaintiffs allege wrongful termination after urging their employer, Prudential, to take action over seemingly fraudulent sales of life insurance policies by Wells Fargo's retail bank.
Wells Fargo to keep commission retirement accounts under DOL fiduciary rule
Wirehouse says its decision preserves customer choice, and it comes as speculation swirls over the regulation's fate.
Raymond James scores a duo from Wells Fargo Advisors
Connecticut team manages $230 million in client assets.
Finra launches extensive sweep of broker-dealer cross-selling
Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.
