The total value of the deal, in a cash and stock transaction, is worth approximately $500 million.

Jed Finn, COO of the wealth management business, will also head up the new Corporate & Institutional Solutions.

The Wells Fargo CEO shouldn't be getting a bonus; he should be removed from his post, said Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services.

Melissa Bean, chairman of the Midwest at JPMorgan Chase and a former congresswoman, will join the Chicago firm in April.

Congressman Sean Casten said the regulator’s testing process is not iterative enough and relies too much on quantitative surveys.  

Investors were more than twice as likely to recommend their advisor if they explained what is happened in 2018, according to J.D. Power.

At a hearing on Wednesday, Maryland-based advisors told personal stories of how the state’s fiduciary bill would adversely impact their practices and their clients.

Christopher Mone, the former president of U.S. markets for Wilmington Trust Wealth Advisory, has been named an executive vice president and the head of wealth management at Wedbush Securities.