April 16, 2021

Edward Jones, Stifel on Top in Customer Satisfaction Survey While Merrill, Wells Near the Bottom
Meanwhile, many firms are falling behind on offering environmental, social, and governance options as investors under 40 are increasingly interested, J.D. Power says.
Morgan Stanley Wealth Mgmt Client Assets Soar 77%, Net Income Up 44% YoY
The firm’s wealth management units saw record assets flows of $104.9 billion during the first quarter of 2021.
Merrill Turns to BofA to Build FA Trainees’ Business
Early career advisors are “leaning much more heavily on leads and referrals” from Bank of America, according to a senior Merrill Lynch executive.
Robinhood Sues to Undo Mass. Fiduciary Rule as State Seeks to Revoke Brokerage’s License
The company is claiming that the regulator is being “elitist” and that the state’s rule is invalid.
Goldman Employees Returning to Offices; Firm to Deal with Burnout Issues
A spokesperson tells FundFire that the company plans initiatives to reduce workloads across various business lines, including in wealth management.
Finra Bars Ex-Ed Jones Administrator Who Moved Mother’s Money
Tonia Berg allegedly transferred around $42,000 in total from her mother’s accounts at Edward Jones without her consent.
Janney Partners with JPMorgan’s 55ip for Tax Solutions for FAs
The new partnership will let Janney Montgomery Scott's financial advisors access model portfolios to reduce clients’ taxes through tax-loss harvesting and other methods.

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