June 1, 2020
Wells, JPMorgan CEOs: ‘Committed’ to Fight Racism in the Wake of George Floyd's Death
Several Wall Street CEOs pledge to create a more inclusive workplace in the wake of the death of George Floyd while handcuffed and pinned to the ground by a white officer.
Ex-Ameriprise Rep Suspended for Raising Client Money for Friend’s Firm
Robert Nicholas Korzik allegedly solicited more than half a million dollars from Ameriprise customers for his friend’s company without getting approval from the firm.
Wells Fargo to Appoint Chief Risk Officer for Wealth Management, Other Units
The company has appointed a CRO for its consumer lending business and plans to do the same for its wealth management, commercial, consumer and small business and investment banking units.
Many Top B-D Advisors Opt for Succession Plans That Benefit Clients
Ignites Research survey shows few of the FT400 want to sell their book to a firm.
Working Out of State? Be Prepared for Tax Headaches
Rules governing remote workers vary from state to state and even a short sojourn may result in a tax liability in some.
Stratos Wealth Enterprise to Take Stake in California WM Practice
San Diego-based Brown Wealth Management manages more than $600 million.
Growth in Direct-Sold 529 Plans Outpacing Growth in Advisor-Sold Plans
Assets in the college savings plans reached a record at the end of 2019 but have dropped significantly amid the coronavirus crisis.
Envestnet CEO: Hybrid Advice Is the Future
Bill Crager said on an earnings call last month that digital advice and engagement will also become “far more human.”