A New Jersey woman claims a broker with Wells Fargo Advisors Financial Network used proceeds of her late husband's life insurance policy to invest in speculative options and volatile non-income-producing individual securities such as Facebook.
Once the deal closes, Broadridge’s Matrix subsidiary will become one of the largest independent service providers of custodial and sub-custodial solutions with about $420 billion in assets under administration and more than 118,000 plan accounts...
The Global Wealth and Investment Management group's net income topped $1 billion in the first quarter.
One analyst asked if the bank's Wealth and Investment Management unit, which continues to lose advisors, was up for sale.