'Intuitive Investor' works with Wells Fargo's online banking services and also gives users access to the Wall Street bank's market research and financial advisers.

Jackson National Life Insurance Company said it had created an investment-only, tax-deferred variable annuity for trusts and private banks.

Industry recruiters said the move, which takes effect on Friday, will allow Morgan Stanley to act more aggressively to keep its top advisers and help it fight for the clients of those who do leave.

The Fixed Income Market Structure Advisory Committee (FIMSAC) will have a two-year mandate and will likely meet four times a year.

The report is the third of four expected from Treasury as it completes a comprehensive review of existing financial rules, as mandated by an executive order from President Donald Trump in February.

Robos and auto-enrollment do work, but so does actually talking to employees.

Abigail Johnson called for modernization of the policies around social media data retention.

"There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!" Trump tweeted.

The manager of nearly $6 trillion in assets said it is up to regulators to set corporate-governance policies, not index providers.

E*Trade Chief Executive Officer Karl Roessner said the company sees TCA as a way to diversify revenue and prevent some customers from leaving.