The sweeping civil probes rank among the largest-ever penalties levied against US banks for record-keeping lapses.
The bank's wealth management division has added just one team of advisers since mid-April, but it continues to see growth in new customers.
Remote work could be a double-edged sword for advisers in cities poised for growth in population and wealth, providing a local opportunity on one hand, but new competition from virtual advisers on the other.
After a decade at Fidelity, Canter will take over leadership of Bluespring, the RIA roll-up subsidiary of Kestra Holdings, with a focus on M&A, firm strategy and organic growth.
Meanwhile, the firm's wealth management franchise reported positives for the second quarter despite the broad stock market decline seen so far this year.
One of the largest investment advisers in the U.S. has promoted a relative newcomer to oversee the firm’s technology.
It's the first time the regulator has taken an enforcement action related to remote test taking.
The post-Covid economy serves up an array of new opportunities for women advisers to win and keep clients, according to speakers at the Women Adviser Summit in Denver.
The five-adviser, $335 million unit rebrands as VACU Investment Group.
Stephen Kolano will head investments for the firm’s integrated family office.
Iqbal Khan, who had served as co-president of Global Wealth Management with Naratil, was promoted to president. Naureen Hassan will succeed Naratil as president of UBS Americas.
The latest update to Schwab Advisor Services' digital onboarding technology lets independent financial advisers open and fund up to 10 new client accounts in a single workflow.
Large investment firms make big diversity promises but overall fail to convert those promises to structured spending with women- and minority-owned firms.
The popular Fidelity exec has been in charge of the firm's registered investment adviser business since 2017, and has worked for Fidelity since 2009.
But opponents, including SEC Commissioner Hester Peirce, want the agency to scrap the whole project.
The attorney, John W. Pauciolo, provided the legal approval for years of commercials advertising the unregistered Par Funding investments.
Morgan Stanley revealed its fully armed and operational adviser fintech ecosystem at a recent media event in New York City.
The move would potentially position Iqbal Khan as the eventual successor to CEO Ralph Hamers.
Adviser fintech promised to make firms more efficient and build deeper client relationships. Those claims may soon be tested.
The adviser world returned from the July 4 holiday ready to spend some money on technology.
