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January 13, 2021
Wells Fargo Wins $3M Arbitration Award from Ex-Broker
John Gregory Schmidt has already been barred by Finra, settled with the SEC for more than $1 million and received a five-year prison sentence.
Can Celebrity Endorsements, Client Reviews Drum Up Business? It Depends
Provisions under the SEC’s new advertisement rule for advisors may not do enough to bolster business and may be more beneficial for larger firms, consultants and marketing specialists say.
Raymond James Slashes Top Execs’ Pay by Millions of Dollars
The company is keeping salaries the same but is cutting cash bonuses for Paul Reilly, chairman and CEO, as well as several other executives.
Biden to Name Former CFTC Head Gary Gensler to Head the SEC: Reports
The move would likely mean a commission that's tougher on Wall Street than it had been under Jay Clayton, experts say.
Top Advisors Weigh In: Clients Want More Information, More Conversations
Clients want to have confidence in their decision-making.
Wells Fargo Launches New Office of Consumer Practices
The new office’s responsibilities for wealth management will include advising on product terms, features, pricing, disclosure and training materials.
Mercer Advisors Scoops Up One More $800M+ RIA
The latest addition is Portland, Ore.-based McGee Wealth Management.
Wells to Freeze PAC Contributions in Response to U.S. Capitol Siege
The bank says it will halt all political contributions for the foreseeable future in light of last week’s events, joining Morgan Stanley, Bank of America and JPMorgan.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|