Charles G. Goldman, who lost his position as head of Charles Schwab & Co.'s industry-leading business for independent investment advisers 18 months ago, has sued the company in federal court for more than $736,000 in severance pay and related benefits.
The Charles Schwab Corp. last week handed the reins of its registered investment adviser custody business to Bernard “Bernie” Clark who had run sales and relationship management for the Advisor Services group.
UBS will rebuild its reputation and revenue by marketing the advisory strength of its brokers and minting better products for wealthy investors, according to its new CEO
Jeffrey Sica spent more than four years plotting his move from Wells Fargo Advisors LLC to independence but stumbled a day before he planned to give notice.
The Securities and Exchange Commission's adoption last week of new customer disclosure rules was overshadowed by the agency's plan to revamp mutual fund sales charges, but it will have a more immediate impact on investment advisers.
In yet another shakeup at the company, Scott Dell'Orfano adds relationship management to his duties, while Ron Fiske takes on the clearing unit.
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
Steven Salutric allegedly stole from his clients and gave to his church; barred 'from association with any investment adviser'
Penson Worldwide Inc., the parent of the second-biggest securities clearing firm, reported a net loss of $7.4 million in its second quarter, equivalent to a loss of 29 cents per share.
Penson Worldwide Inc. said that it expects its U.S. securities-clearing subsidiary, Penson Financial Services Inc., to begin serving accounts of Ridge Clearing and Outsourcing Solutions Inc. on or about June 25.
