PricewaterhouseCoopers predicts major changes coming to the financial services industry by 2020, especially in the makeup of a firm’s workforce and how it is recruited, organized and compensated. With automation replacing the bulk of transact...
Janney Montgomery Scott has added two Merrill Lynch groups responsible for managing $800 million in combined assets. The groups will merge and be known as Seaport Wealth Management of Janney Montgomery Scott...
(Bloomberg) -- Lynn Tilton has invited me to her lawyer’s office to explain why she’s not the fraud the U.S. Securities & Exchange Commission claims she is. While she’s at it, the distressed debt mogul elaborates on her...
(Bloomberg) -- Some of the world’s biggest fund managers may soon face new rules designed to ensure they can meet investor redemption demands by easily selling assets...
(Bloomberg) -- A new question surrounding Republican presidential nominee Donald Trump’s business empire emerged recently, thanks to the publication of a 1995 New York state tax document: How could he have had a $916 million personal...
The mutual fund giant Fidelity Investments, founded seven decades ago and run ever since by the Johnson family, has won the trust of tens of millions of investors...
(Bloomberg) -- MetLife Inc. has filed for a spinoff of a U.S. retail unit after considering alternate plans to sell the business or exit through an initial public offering...
The Family Businesses Committee and the staff of Trusts & Estates mourn the untimely death of our colleague and fellow editorial advisory board member, G. Scott Budge. Scott was a frequent contributor to the magazine, writing about the...
