Merrill Lynch has been awarded a total of more than $1.3 million in a clawback action against one of its former financial advisors who jumped ship for Rockefeller Capital Management.

The Securities and Exchange Commission has refused to revisit settlements it reached with Raymond James, Ameriprise Financial and LPL Financial, among other firms, over their employees' use of ...

Estate planning startup Wealth.com says it is partnering with financial planning software bulwark eMoney Advisor to give Wealth.com's roughly 800 wealth management firms access to eMoney data and ...

The Financial Industry Regulatory Authority has barred an ex– Morgan Stanley financial advisor accused of accepting more than $120,000 in kickbacks from a customer's investments in new offerings.

Goldman also awarded punitive damages in the amount of $50,000, for a total award of $413,200, and she recommended expungement of the termination explanation in Becht's Form U5, shortening the entry ...

Wells Fargo 's wealth and investment management unit saw its earnings drop significantly from the last quarter of 2024 to the first quarter of this year, despite cost-cutting measures, but ...

The GAO's agreement to probe the SEC comes at a time of a major overhaul at the agency under Acting Chair Mark Uyeda, appointed in January by Trump to take over from former SEC head Gary Gensler.

The proposed Edward Jones Bank would be insured by the FDIC and subject to federal and state regulatory oversight. It would operate independently as a wholly owned, indirect subsidiary of Edward Jones ...

Schwab Alternative Investments Select, created in partnership with iCapital, is now open to retail clients who have more than $5 million in household assets parked with Schwab, including those in the ...

Morgan Stanley last month undertook companywide layoffs that reportedly eliminated 2,000 employees across all business units worldwide. Reports at the time indicated that financial advisors would be ...

Last month, Raymond James said it lured a team of Morgan Stanley financial advisors in West Virginia who manage $465 million. And in January, a father-son advisor team overseeing more than $440 ...

Wedbush Securities has poached B. Riley's chief investment strategist following that firm's acquisition by Stifel Financial. Dietrich, who became a registered investment advisor in 2000, joined B.