Citi, meanwhile, recently named a new leader for its private bank by hiring Chris Biotti away from BofA. Biotti is expected to join Citi next month. Citi's wealth division is headed by Andy Sieg, ...

The SEC also claimed that Cutter often recommended that customers surrender the annuities, including fixed index annuities he had sold them, and use the money to buy new ones, resulting in yet another ...

Cerulli Associates believes that financial services firms will increasingly compete for the growing high-net-worth and ultra-high-net-worth segments, but that even among the mass affluent, trillions ...

Stifel Financial has adjusted its recruiting strategy to focus on "higher producing advisors" amid increased competition, including from registered investment advisor firms, according to Chief ...

Startup custodian Altruist says its latest funding round has raised its valuation to $1.9 billion, according to Reuters.

Raymond James ' Private Client Group reported strong year-on-year increases in profits and client assets for the most recent quarter, though the gains were somewhat dampened by quarter-to-quarter ...

Cryptocurrency exchange Coinbase, against which the Securities and Exchange Commission recently dropped its case, is now facing a lawsuit from the Oregon Attorney General, who says such state actions ...

Finra will also expand its activities related to cybersecurity and fraud prevention in light of "a proliferation of new threat actors, more sophisticated technology-enabled methods, and an ...

Charles R. Schwab, founder and chairman of the eponymous wealth manager, contributed $500,000 to the committee. His wife Helen Schwab and son Charles Schwab Jr. each chipped in half a million as well, ...

Echelon Partners counted 118 first-quarter deals involving RIAs or advisors with more than $100 million in assets. Despite uncertainty in the broader economy, the registered investment advisory space ...

Pure Financial's latest addition is Fairhaven Wealth Management, which was founded a decade ago and now manages $783.1 million in regulatory assets under management and $98.8 million in assets under ...

Morgan Stanley acquired E*Trade in 2020 for $13 billion in a push for retail investors led by then–Chief Executive Officer James Gorman, a strategy his successor Ted Pick, who took over Jan. 1, 2024, ...