Bank of America Corp., Morgan Stanley, Deutsche Bank AG and JPMorgan Chase & Co. are among Wall Street firms beefing up wealth-management teams in Northern California.
Riskalyze CEO Aaron Klein gives the thumbs-up or thumbs-down on the biggest news to hit advisor technology in the previous month.
The move to eliminate commissions at some brokerages will result in heightened scrutiny by FINRA examiners of alternative revenue sources, including cash sweep accounts and payment for order flow.
The majority of RIAs say the move to zero commissions would not influence their decision to use ETFs versus mutual funds, according to a TD Ameritrade survey.
Advisors can help transfer accounts from one sponsor to another.
The new office marks the firm's second formal expansion outside of New York City.
The retainer-based fee movement is a growing alternative to the AUM-based model.
The brokerage eliminated commissions on most ETFs long before competitors did; now it's doing the same for stocks and options.
Having some sort of international allocation is critical to maintaining optimal performance in most long-term portfolios.
Schwab's new retail decumulator blurs the lines of automated investment management, tax planning and financial planning, offering another alternative to human advisors.