Scharf, the CEO of Bank of New York Mellon Corp., will take over on Oct. 21, replacing interim chief Allen Parker, the San Francisco-based bank said.

The next question after WeWork tried to resolve its governance issues is: does its business model make sense?

The firm said it will have transitioned a dozen teams to its fee-only channel by the end of January.

A significant number of investors are putting retirement goals at risk to help their adult children and aging parents; women investors are more likely to make the sacrifice.

Greenlight has raised millions in its mission to help parents teach children about spending, saving and investing.

While there’s nothing wrong with wanting it all, this can trap advisors in inertia, waiting for a scenario that may never exist.

The man continued to sell annuity contracts, even though he was no longer licensed to sell insurance or securities, according to allegations by the Massachusetts Secretary of the Commonwealth.

Elias Herbert Hafen told clients to liquidate stocks and retirement accounts to invest in a fake investment fund, according to allegations; instead, the money went toward his expensive art collection.

Wells Fargo will pay $450,000 after 1,098 agents and 561 supervisors did not register in Massachusetts.