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October 16, 2020
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Morgan Stanley Chief: FAs 'Aren't Leaving'
Recruiters identify what's worked in Morgan Stanley’s favor in recent months when it comes to attracting advisors.
Wells to Simplify Products, Shift Clients to Digital, Reduce Real Estate
The bank is set to save $1 billion in gross expenses thanks to restructuring changes already implemented, but plans to cut costs even more, CEO Charles Scharf said.
Ex-Merrill FA Suspended, Fined Over Real Estate Side-Gig
Yury Ivanou allegedly failed to submit accurate information about his business of renting out five apartments, which earned him more than $400,000 in gross revenues in less than two years.
Hackers Hit 2,000 Robinhood Accounts: Reports
One customer believes a hacker had forged her identification to reactivate trading after she let her account get disabled, according to Bloomberg.
Schwab Client Assets Up 17% YoY, Net Income Down 27%
Net income, however, rose from the prior quarter.
Black Morgan Stanley Exec Shares Realization of Her Own Unconscious Bias
Company leaders must check for unconscious bias to ensure they succeed in their diversity goals, according to the executive.
Transamerica Bolsters Pooled Employer Plans Business with New Client
The company was selected by the Lockton Northeast Series pooled employer plan as its retirement plan recordkeeper.
$1B RIAs Lean Most on Referrals to Build Business: Schwab
Large RIAs are also focused on improving productivity through technology, according to a recent survey from Schwab.
ICYMI
On FinancialTimes.com
