As Morgan Stanley's head of wealth management, Greg Fleming, steps down, Jim Rosenthal, chief operating officer, is stepping up to take the reins of the firm's impending digital offering.
Online investment platforms, which for the most part offer passive investment portfolios, say their clients can handle market volatility in 2016.
RCS Capital Corp. is still evaluating Docupace, the SEC- and Finra- compliant paperless processing system used by its retail broker-dealer network, as RCAP prepares to file for bankruptcy.
SEC orders the wirehouse to pay $8.8M for what the regulator claims was unsupervised prearranged trading. Brokerage firm Societe Generale Americas also agreed to pay $1M for the same case.
When figuring out how to best engage with clients, age is only one factor that should be taken into consideration
New Hampshire securities regulator claims unsupervised sale to 81-year-old investor was unsuitable and resulted in significant losses.
Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm.
What may happen when cybercriminals target the financial advisory industry?
Finra orders the firm to pay $7.3 million for selling billions of unregistered microcap shares and having inadequate supervisory policies.
