The shift toward fee-based models is expected to continue over the next few years — by next year, Cerulli projects fee-based revenues to represent 77.6% of total revenues. But Cerulli associate ...

On Friday, UBS asked the U.S. District Court for the Southern District of Iowa to vacate the Finra award, claiming that the panel of arbitrators "exceeded its powers" in awarding the punitive damages ...

Farhad Firoozi joined Wells on Tuesday, a spokesperson for the bank confirmed. Firoozi replaces Brendan Krebs, who left for PNC Investments in November. The role since Krebs' departure had been ...

The Securities and Exchange Commission continues the overhaul of its operations, with plans to reorganize who its enforcement and examinations staff will report to and reassigning nine regional ...

Arta Finance claims it's using AI to speak to younger investors in a language they can understand, with expressions such as "no cap," according to The Wall Street Journal.

Finra has fined Thurston Springer Financial $150,000 over several alleged violations taking place since 2020.

Raymond James announced that it has added an advisor team from Merrill Lynch, where the team had more than $740 million in client assets.

Bank of America has promoted two executives to oversee overhauled business lines, including a newly formed unit tasked with overseeing offerings for consumers through Merrill Edge, according to ...

Parametric has been part of SEI's platform for over 20 years, initially as a sub-advisor with a sleeve-only offering, Holland said. Since SEI's UMA platform launched in 2007, Parametric has functioned ...

As it happens, Steinmeier's statement was literal: LPL on Monday announced that it had reached a deal to acquire Commonwealth, which has about 2,900 advisors and around $285 billion in brokerage and ...

A federal appeals court has struck down a $93.3 million judgment against Commonwealth Financial Network over alleged revenue-sharing disclosure breaches and remanded the case to federal district court ...

The firm intends to grow its advisor ranks by 3% each year, according to Managing Partner Penny Pennington.