Written by: Cindy Hamilton Posted on: January 15, 2021Wells Fargo reports another sharp annual decline in advisers
Financial advisers are usually off-limits when it comes to large institutions looking to cut costs and personnel. But Wells Fargo, under CEO Charlie Scharf, has not shied away from laying off advisers or cutting adviser-lead businesses.
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Written by: Cindy Hamilton Posted on: January 15, 2021Focus Financial takes stake in $677 million Missouri RIA
Hill Investment Group in St. Louis, which was founded in 2005, becomes its latest partner firm.
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Written by: Cindy Hamilton Posted on: January 15, 2021How the Biden administration can protect retirement savings
The Labor Department’s fiduciary rule and the SEC’s Reg BI pose a real threat to the retirement savings of investors, but the Biden administration can put an end to the threat.
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Written by: Cindy Hamilton Posted on: January 15, 2021Robinhood hires two Finra execs
As scrutiny of the online brokerage mounts and as it prepares for an IPO expected later this year, it has recruited two officials from its front-line regulator.
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Written by: Cindy Hamilton Posted on: January 15, 2021Wells Fargo nears deal to sell asset management unit
The bank is reportedly in talks to sell the unit to a private equity consortium led by GTCR and Reverence Capital Partners.
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