Wells 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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Focus 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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How 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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Robinhood 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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Wells 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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