Features

Topic

Julia Wellborn named head of Wells Fargo private wealth management division

The role includes leading the company's private bank and Abbott Downing.

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Charles Schwab inks deal to buy USAA brokerage business for $1.8 billion

The discount broker and RIA custodian stands to pick up $90 billion in client assets.

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UBS loses 248 advisers in the Americas over past year

Meanwhile adviser annual productivity reaches new peak of $1.35 million.

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Trump taps top lawyer against DOL fiduciary rule to head the department

Investor advocates wonder whether Eugene Scalia personally holds positions he advocated in court, while financial industry groups welcome the nomination.

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Merrill Lynch pays $40 million settlement over broker churning, faces second claim for $42 million

Two clients, including the former governor of New Hampshire, alleged their broker excessively traded their accounts.

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Finra arbitrators order Morgan Stanley to pay $3.3 million for concealing evidence

Brokerage calls decision 'unwarranted and excessive.'

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Finra reaches settlements with 56 firms for overcharging customers on mutual funds

Regulator obtained $89 million in restitution as a result of the crackdown.

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CFP Board postpones enforcement of its revised fiduciary standard

Board's new Code of Ethics and Standards to be enforced next June, in line with the SEC's Reg BI

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Schorsch, AR Capital to pay $60 million to settle SEC charges

The former REIT czar and his firm wrongfully obtained millions linked to REIT mergers.

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Advisers scramble to help retirees navigate looming Fed rate cut

The Fed's first interest-rate cut in a decade has advisers warning against chasing the bait of risk over safety.

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