SEC Fines Goldman Sachs, Citadel Over Trading Errors

Sep 22, 2023

The SEC fined Goldman Sachs $6 million for sending inaccurate or incomplete trading data and Citadel $7 million for breaking short sales labeling rules and incorrectly marking millions of trade orders.

J.P. Morgan Snags $2B Seattle Team From Citi Private Bank

Sep 21, 2023

The firm’s Seattle Private Bank Office hopes to double its headcount in the next five years.

WealthStack Roundup: AI @ Morgan Stanley Assistant Now Live

Sep 21, 2023

Also, DPL Financial Partners acquired AnnuityFix and SMArtX Advisory Solutions will launch SMArtY platform with Russell Investments’ model portfolios.

Cetera to Promote Tom Halloran to Head of Independent Channel

Sep 21, 2023

Brett Harrison, who currently leads Cetera Advisors, will exit the company after 25 years.

Altruist Eliminates Portfolio Accounting Software Fee for Custody Clients

Sep 21, 2023

That gives the firm’s RIA custody clients free access to performance reporting, fee billing, portfolio rebalancing, a client portal and portfolio accounting software.

Mindy Diamond on Independence: Jack Peterson on Summit Trail's Blockbuster Breakaway

Sep 21, 2023

The Barclays breakaway discusses his 2015 landmark leap with five partners, three offices, and $3 billion in AUM, plus shares why he feels UHNW clients are best served in independence, what they do to drive extraordinary growth, and much more.

Scenes from the 2023 WealthManagement.com Industry Awards

Sep 21, 2023

The ninth annual "Wealthies" Awards were held on Sept. 7 at the Ziegfeld Theater in New York City.