Edward Jones tops wealth management firms in online searches, investors working with advisors are making changes, and UBS loses another $1 billion team.
The introduction of T shares and clean shares is well intentioned, but in many cases, older share classes already offered by fund managers can save investors more money, and mitigate conflicts of interest.
Sentiment toward the financial sector has been improving since the Treasury Department issued a report on overhauling banking regulations.
One division will cover global fixed-income and currencies beta trading, another will focus on global ETF research and a third will manage regional ETF sales and business development.
Fifty-five advisors and $820 million in assets will transition to Cetera as HBW looks to relieve regulatory burden.