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UBS says wealthy clients add $22 billion in Q1
NEWS WIREHOUSES APR 25, 2019
UBS says wealthy clients add $22 billion in Q1

The firm's better-than-expected inflows in the first quarter marked a rebound from fourth-quarter outflows.

Startup offers financing for employee stock purchase plans
INVESTING EQUITIES APR 25, 2019
Startup offers financing for employee stock purchase plans

Such plans, which enroll only about a third of eligible workers, offer the 'purest form' of arbitrage, according to startup's founder

Morgan Stanley shakes up wealth unit
YOUR PRACTICE PRACTICE MANAGEMENT APR 24, 2019
Morgan Stanley shakes up wealth unit

Shelley O'Connor will now head the firm's bank units, while Andy Saperstein will be sole leader of wealth management.

TD Ameritrade cut marketing because 'fish weren't biting,' CEO says
NEWS RIAS APR 24, 2019
TD Ameritrade cut marketing because 'fish weren't biting,' CEO says

Online broker sees headwinds created by lower rates and less trading.

Franklin plans to cut up to 5% of workforce
YOUR PRACTICE PRACTICE MANAGEMENT APR 23, 2019
Franklin plans to cut up to 5% of workforce

Fund company attempts to cut costs as it faces continued outflows.

Wells Fargo annual meeting besieged by hecklers
NEWS INDUSTRY NEWS APR 23, 2019
Wells Fargo annual meeting besieged by hecklers

Interim CEO C. Allen Parker interrupted by shouts and demands from activists over bank abuses.

Centerbridge said to be in talks to buy Advisor Group
INVESTING ALTERNATIVES APR 23, 2019
Centerbridge said to be in talks to buy Advisor Group

Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.

Older Americans are twice as likely to work now as in 1985
RETIREMENT RETIREMENT PLANNING APR 22, 2019
Older Americans are twice as likely to work now as in 1985

Retirement-age workers' participation rate in the labor force has cracked the 20% mark

Warren proposes canceling student debt for millions
NEWS INDUSTRY NEWS APR 22, 2019
Warren proposes canceling student debt for millions

Her campaign proposal would link the extent of loan forgiveness to individuals' household income.

Wells Fargo annual meeting 'less relevant' amid bank's CEO search
YOUR PRACTICE PRACTICE MANAGEMENT APR 22, 2019
Wells Fargo annual meeting 'less relevant' amid bank's CEO search

The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.