Wells Fargo restructured its wealth management division on Wednesday, adding its asset management unit to the mix. Overall, the wealth business reported a 10 percent gain in profits during the third quarter, but shed over 160 advisors...
The owner of tax preparation software TaxACT on Wednesday said it would purchase tax-centric broker/dealer HD Vest Financial Services for $580 million...
State and federal securities regulators are targeting advisors who market “free lunch” seminars and use misleading senior investor designations, drawing a correlation between these strategies and problematic behavior...
A Chinese investor stabbed the chief executive of a struggling Beijing-based asset management company after losing his investment, a company source said, highlighting growing public anger over loosely regulated financial products...
The Financial Industry Regulatory Authority is gearing up to release new rule proposals that allow advisors to pause orders if they believe some type of financial exploitation of senior investors is afoot...
Put your money where your mouth is.
HighTower’s CEO Elliot Weissbluth appeared on Wall Street Week over the weekend, talking about the qualities he thinks make a good financial advisor. Among them, the ability to tell clients that they’re...
Private equity firm Hellman & Friedman is set to become a majority owner of Edelman Financial Services, although founder Ric Edelman will continue to hold the largest individual stake in the $15 billion advisory firm. ...
The next Speaker of the House? | Copyright Mark Wilson, Getty Images
Now that Rep. Kevin McCarthy of California has quit the race for Speaker of the House, could Jeb Hensarling toss his hat back into the ring? The current chairman of the H...
