The firm has added talent over the past several months to build out its employee channel, premium affiliation model and advisor training program.

The industry has swiftly issued statements of support for the protesters this week and promises to 'do better' for all. Beyond words, what initiatives in wealth management are actually moving the needle?

The brokerage has recruited a team from UBS, with $650 million in AUM, and one from Merrill Lynch, with $220 million, this week.

The argument some RIAs are making—that the PPP loan is a business loan, no different than any other, and comes with risk, and is not bailout money—just doesn't wash.

The new legislation will lengthen the amount of time in which businesses can spend the loan, as well as the amount of time in which they have to pay the loan back if it is not forgivable.

TD and Schwab shareholders voted in favor of the merger; Schwab expects the deal to close in the second half of this year, with an integration period of 18 to 36 months.