Wells Fargo loses more than 450 advisers in 2019
Expenses also increased at Wells Fargo Advisors, and the firm lost a clearing client
Matt Brinker joins Merchant Investment Management
Former United Capital exec will identify future equity partnerships
Cerity Partners acquires $3 billion EMM Wealth
The addition of the New York-based RIA brings Cerity's AUM to $26 billion
BlackRock puts climate at center of $7 trillion strategy
Changes outlined in CEO Larry Fink's annual letter include doubling BlackRock's lineup of sustainable ETFs
Visa acquiring data aggregation fintech startup Plaid for $5.3 billion
Plaid connects fintech startups like Betterment and Acorns with traditional banks
Russell’s wish list for DC plans
Improving 401(k)s is likely to make them look more like defined-benefit plans, according to Russell
Finra probes brokerage bank sweep accounts as commissions dwindle
Expert: Interest rate discussions with clients ‘can be problematic’
UBS plans Miami office to work with Latin American firms
The Swiss bank is targeting billions of dollars managed by Latin American intermediaries booking assets in the U.S.
More consolidation coming in online brokerage market
Firms need large cash on hand to make up lost commission revenue, meaning M&A could be only viable option, Wakefield Research suggests.
Rick Suarez to head $7.5 billion Clarfeld/Citizens Private Wealth
Suarez succeeds firm founder Rob Clarfeld, who becomes executive chairman
