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 ...

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.

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 ...

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 ...

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 ...

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 ...

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

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

Private equity shop Clayton, Dubilier & Rice says it's hired former Charles Schwab chief executive Walt Bettinger as a senior advisor in its financial and technology services unit that services funds ...

According to the suit, the firm's human resources department "repeatedly dismissed" Dyce's discrimination claims, and the firm eventually placed him on "a pretextual performance improvement plan," ...

Starting May 5, advisors and employees will have to be in the office at least four days a week, according to a memo sent by Jed Finn, head of wealth management, to all of the unit's employees, which ...