See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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(Bloomberg Gadfly) -- The Department of Labor rocked the brokerage world several months ago when it decreed that brokers must – horror of horrors – put their clients’ interests ahead of their own...
Mark Lopez at the 2008 Olympics. | Copyright Clive Rose, Getty Images
What does an Olympian do once they're done competing? Some turn to the wealth management industry. According to Reuters, UBS Wealth Management Americas, Merrill Lynch and Mo...
(Bloomberg) -- Apollo Global Management LLC will pay $52.7 million to settle allegations that it made misleading disclosures about fees and didn’t prevent a senior partner from charging personal expenses to clients, becoming the latest...
(Bloomberg) -- Like many Americans, Ken Winterhalter wants the financial industry to pay for its past recklessness. His favored punishment, however, isn’t jail time for CEOs or bigger corporate fines...
Where millionaires are a dime a dozen. | Copyright Darren McCollester, Getty Images
Nine of the 10 colleges that produce the most millionaire alumni are in the United States, led by Harvard University, according to a WealthInsight survey, Forb...
Nebraska-based Securities America, the independent broker/dealer owned by Ladenburg Thalmann, has acquired Foothill Securities, a small IBD in Santa Clara, Calif., for an undisclosed amount. The deal adds 210 advisors, $5.14 billion in client...
What goes up... | Copyright Daniel Berehulak, Getty Images
As traders look to profit from the increased turbulence in the markets this year, there has been a resurgence in volatility exchange traded products. According to a new report from TAB...
(Bloomberg View) -- Last week, yet another slew of private retirement plan managers became the target of class-action lawsuits. This time it was a bunch of universities: Yale University, New York University, the Massachusetts Institute of...
