The first quarter alone in 2021 netted $6 billion in new wealthtech funding, which accounted for 41% of the total investments raised last year, according to the most recent data from CB Insights.
In a recent public appearance, the SEC chair addressed so-called 'regulation by enforcement' without mentioning it by name.
The technology lets artificial intelligence do the monotonous tasks of compliance reviews, allowing marketers and compliance teams to focus on the more complex details.
The adviser, James Iannazzo, went on a tirade over the weekend after his son had an allergic reaction to a drink.
A pending proposal would be designed to enhance cybersecurity preparedness and incident reporting.
Wall Street giant sets another high mark for profit in 2021.
Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the 2021 compensation numbers for some of the most notable executives.
The moves in product teams increase the responsibilities of Andy Sieg, the president of Merrill Lynch, and Katy Knox, president of BofA's private bank.
The 26% boost in the bank's 2021 tech spending covers not just software development, but investments in data and analytics, artificial intelligence and physical aspects such as data centers.
Cerulli research shows mountains of wealth will be looking for a home over the next 20 years.
Anne Simpson developed and executed the sustainability investment strategy for the giant California pension plan.
The broker-dealer self-regulator also punished the firm for inaccurate and omitted conflict disclosures in research reports.
Vynntana allows for collaboration among stakeholders.
The London-based fintech received approval to become a licensed broker-dealer in the U.S. in June and is building an investing and savings app to manage all of its clients' finances under one roof.
Firm is waiting for clarity on ETF rules, CFO Portney says.
Eight of the 11 acquisitions Captrust did last year involved wealth management firms, a trend that Rush Benton says will continue.
Merrill Lynch, an industry bellwether, reports a host of new highs in 2021, ranging from revenue to assets and net new ultra-high-net-worth clients.
The announcement is the culmination of a multiyear initiative to modernize Junxure after its acquisition in 2018. The upgraded system will continue to be offered as a stand-alone product, priced per user.
Ex-broker Perry Santillo also must pay $103 million in restitution.
The financial planning fintech will use the latest injection of capital to invest in its technology and product suite to upgrade its client experience.
