Merrill Lynch will pay nearly $4 million to settle Securities and Exchange Commission allegations that the wirehouse failed to inform clients that a third-party asset manager exceeded Merrill clients' ...

And SEC Commissioner Hester Peirce said the SEC has "fallen down in our duty as a regulator," as a result of imprecise language suggesting that a crypto token is a security, which has led to a "lack ...

UBS in May named Rob Karofsky its new head of U.S. wealth management. Karofsky, who previously led the firm's investment bank, took over for Iqbal Khan, who led global wealth management but now heads ...

Merrill Lynch parent Bank of America announced Monday that it plans to open more than 165 new retail financial centers across 63 markets by the end of 2026. Facilities will be added in new and ...

A Texas-based registered investment advisor firm has been sanctioned over its staff's use of off-channel communications but managed to avoid a monetary penalty thanks to its cooperation with the ...

The notices of appeal that the DOL filed on Friday in each court are essentially placeholders until the agency submits briefs with the 5th Circuit Court of Appeals fleshing out its arguments against ...

The Securities and Exchange Commission announced that it has fined Stifel Financial and 10 other firms a total of more than $88 million for recordkeeping failures as the regulator continues its ...

Adding to the complexity, managing transitions often involves working with two or even three generations of a family, all with different needs and perspectives. To succeed, advisors need to engage ...

Wells Fargo plans to further trim its workforce in Iowa by nearly 80 employees, according to news reports.

On May 6, Joseph Rallo was served with a warrant by agents from the Department of Homeland Security and the U.S. Postal Inspection Service as part of a securities and wire fraud investigation led by ...

"IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in a statement. "Many IRA holders want to invest their retirement savings in the stock market ...

Vestwell is launching a pooled employer plan with Commonwealth Financial Network and some help from Ascensus. The Gateway 401 (k) Plan will be available exclusively to Commonwealth's 2,200 advisors to ...