October 23, 2020
Wells Fargo to Merge Brokerage and Private Wealth Units, Mulls Asset Mgmt Sale
"By creating one overarching management structure, we will simplify processes, improve how we operate, and deliver even better and faster service for our clients," a spokesperson says.
UBS Plans to Unveil Easier Client Onboarding Digital Tool for FAs in 2021
The innovation is happening thanks to UBS’ technology development cost-sharing pact with Broadridge Financial Solutions, according to the bank’s chief financial officer.
Wells Fargo to Its High Earners: No More 401(k) Matches Starting January 1
The changes are aimed at “supporting our lower-paid employees” and helping “create greater economic opportunities for all employees,” according to the bank.
Ex-Wells Manager Fired While on Medical Leave for Cancer Files Complaint
Reginald Robinson is alleging race, age and disability discrimination.
Finra Suspends, Fines Ex-SagePoint Rep Over Outside Securities Sales
Troy Baily allegedly sold $210,000 worth of securities in a company that eventually went bust with $300 million owed in investor payments in 2018.
UBS FA Stays Neutral When Talking Politics, Sticks to Impact on Portfolios
“Maybe out of 50 conversations, one person is so passionate about their views that I'll have to make a note that they didn't take our counsel,” says Jason Katz.
Janney Montgomery Scott FAs Texting Twice as Much Amid Pandemic
The company says its advisors have also turned to social media to stay connected to clients.
Envestnet Rolls Out Premium Plan Analytics Options on MoneyGuide
Several premium tools aim to give advisors opportunities to engage with clients and discuss additional services.