Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Wells Fargo’s Wealth, Brokerage and Retirement business reported growth in assets, revenue and profits in the fourth quarter. Meanwhile, on a conference call with analysts, Chairman and Chief Executive John Stumpf voiced guarded interest in...
In a Dodd-Frank report to Congress Wednesday night, the SEC supported imposing user fees on investment advisers as the best method for improving oversight. But it recommended legislators consider three options, including giving responsibility to...
After a summer drought in market activity, investors began trading in larger numbers last quarter, according to earnings reports released today by Charles Schwab Corp. and TD Ameritrade Holding Corp. Both firms also recorded improved asset inflows...
If you’re selling long-term care insurance to clients, it’s best to stay away from carriers with a history of raising premiums or discontinuing other types of insurance coverage. Several insurers already have raised premiums this year.
Double-digit market returns in 2010 helped boost Americans’ charitable spirit, with top donor advised funds reporting new records in charitable contributions, industry executives report.
The truth is, asset managers haven’t gotten very involved in the debate surrounding the Dodd-Frank financial reform legislation, mostly because they say there are few issues that apply to them. According to Barbara Novick, founder of...
Morgan Stanley CEO James Gorman announced Thursday that Greg Fleming, head of the firm’s asset management business, will replace Charles Johnston as head of wealth management. Johnston will stay on as Vice Chairman of Morgan Stanley Smith Barney...
United Capital Financial Partners (UCFP) today said it has closed on three new RIA acquisitions with combined assets under management of about $2.2 billion: Zirkin-Cutler Investments, MarketSpace Financial and Sovereign Wealth Management.