Meanwhile, 34% of advisors plan to increase their use of model portfolios, the company said it found.

For example, the average bank paid its customers about 2.2% in annual interest at the end of the second quarter — at a time when the Fed's overnight rate available to the banks themselves was 5.5%, ...

Fintech firm Pontera has partnered with tech-forward retirement-plan provider 401GO to allow financial advisors to collect fees directly from clients' 401 (k) accounts.

Stifel Financial has held talks to acquire the wealth management business of investment bank B. Riley Financial, according to news reports. B. Riley weighed unloading the wealth unit for more than ...

De Bernardinis introduced the customers to the chief executive officer of the dairy and recommended they invest, Finra alleged in the consent filing. De Berardinis in some cases also helped customers ...

Merrill Lynch has rolled out for its financial advisors a reporting capability that tracks clients' tax losses harvested through Merrill's Tax Efficient Management Overlay Services. The reporting tool ...

Both Virtus and BondBloxx filed last week for funds focused on investing in credit collateralized loan obligations composed mostly of loans to private companies. BondBloxx was first, filing on ...

BlackRock and private equity shop Partners Group have created a model portfolio that will enable wealth advisors to put their clients into a variety of private-market offerings in just one step, the ...

Edward Jones announced Wednesday that it's teaming up with U.S. Bank to offer the brokerage's U.S.-based clients access to co-branded checking accounts and an "enhanced" credit card offering. U.S.

A financial advisor previously fined and barred by the Securities and Exchange Commission over allegations of cherry-picking has been sentenced to nearly two years in prison. Advisor Jonathan Vincent ...

Wells Fargo sees an opportunity to convert more affluent customers of its retail branch system into wealth management clients by leaning a little more heavily on their "couple thousand" financial ...

Merrill Lynch has again grabbed a long-tenured financial advisor team from wirehouse rival Morgan Stanley, this time adding a four-person group in Chicago. Advisors Jim Oberheide and Brandon ...