Two teams, one from Wells Fargo Advisors and another from Stifel Financial, have joined Ameriprise.
Antonia Chion spent 32 years with the SEC, and most recently helped supervise a settlement with Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network that included a $35 million penalty.
The commission said Wells Fargo failed to properly train and oversee brokers and advisors who didn't understand the ETF was not designed for long-term buy-and-hold investors.
Bank branch closings have been in the news lately. But that’s just one part of the story.
Former Fidelity executive Matthew Chisholm joins to help lead its RIA division.
"Normally, I vote for Democrats," Warren Buffett said.
Morgan Stanley's acquisition of E*Trade could create an in-house channel for independent advisors through the RIA custody business.
Both Chinese imports and exports have been affected by the large-scale shutdown of Chinese factories and businesses.
The $4.5 billion deal between Franklin Resources and Legg Mason will create a firm with a combined $1.5 trillion in assets.