Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Every day, electronic trades representing trillions of dollars’ worth of equities, derivatives, currencies, and fixed-income assets pass under this roof
Elliot Weissbluth, the CEO of Chicago-based HighTower, says that the Department of Labor, in designing its final fiduciary rule, created loopholes and gave concessions to the industry that allow brokerage firms to continue their business as usual...
A new U.S. rule protecting retirement funds from commission-paid brokers could be good for roboadvisers, a fast-growing sector that manages money with algorithms who may collect new clients fired by other firms because their accounts are too small...
When looking at the advisory industry through a gender lens, it’s still a man’s world. But a recent WealthManagement.com survey finds misperceptions and stereotypes can run both ways.
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Charles Schwab received the highest score among 20 full-service investment firms rated by J.D. Power and Associates. The firm scored an 837 (out of 1,000), followed by Edward Jones and Fidelity Investments at 822 and UBS Financial Servi...
After taking a few days to digest the 1,000-page Department of Labor fiduciary rule, the Securities Industry and Financial Markets Association (SIFMA)—perhaps the biggest opponent of the rule—admitted that the DOL did address some of...