Wealth Management industry news covering the financial markets, trends and wealth professionals.
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There are almost 2 million more millionaires this year than last year, according to the 2014 World Wealth Report complied by Capgemini and RBC Wealth Management.
The number of high-net-worth individuals increased by 15 percent last year, tota...
Bank of America Merrill Lynch lured a former BlackRock executive out of retirement to head up the firm’s affluent segment and strategy. For Mike Bitterly, the move is a homecoming of sorts, having started his career with Merrill Lynch as an advis...
Wall Street’s watchdog smacked Merrill Lynch with an $8 million fine on Monday, claiming the brokerage firm failed to waive mutual fund fees for various charities and retirement accounts...
Will FINRA’s proposed rule requiring firms to link to their publicly available BrokerCheck records increase investor awareness? The Financial Services Institute remains unconvinced, contending the regulator needs to perform a cost-benefit...
Pershing’s Chief Relationship Officer and a Managing Director, Jim Crowley, talks to WealthMangement.com on how client needs are driving change within the broker/dealer space, how firms should respond and the impacts of increased regulation...