Financial Advisor Blog - Page 82 - Financial Advisor Transitions

Emerson Equity Suing A Network of Insurance Underwriters

October 26th, 2022

Emerson Equity, the leading seller of L bonds issued by GWG Holdings, has filed a complaint alleging breach of contract against a network of insura...

Credit Suisse Contemplating Sale Of Its US Asset Management Business

October 25th, 2022

Credit Suisse Group AG recently has begun the process to sell its U.S. operations of Credit Suisse Asset Management (CSAM).

Advisor Attrition Rate Increases at Merrill Lynch

October 24th, 2022

Merrill Lynch's advisor attrition has elevated slightly above the typical 4 percent rate for 2o22. Although the attrition rate has increased, Presi...

Major Reorganization Underway At Goldman Sachs

October 21st, 2022

Goldman Sachs has unveiled plans to undertake the largest restructuring in its history.

After A Drop in Net New Assets, Morgan Stanley Holds Onto 27% Margin

October 20th, 2022

Morgan Stanley's wealth division posted a pretax profit margin of 27 percent in the third quarter amid what CEO James Gorman calls the most challen...

Wells Fargo Advisors Manage To Increase Profits As Advisor Headcount Dec...

October 19th, 2022

The advisor roster at Wells Fargo Advisors has experienced another slight decrease in the third quarter of the year. Despite the drop in headcount,...

SEC Looks Further Into Asset Manager Communications

October 18th, 2022

The Securities and Exchange Commission (SEC) is expanding its WhatsApp investigation to examine whether asset managers used the app and other messa...

FINRA CE Program Changes To Start January 2023

October 17th, 2022

Starting January 2023, broker-dealers and their representatives will face new Continuing Education (CE) requirements as part of The Financial Indus...

Department of Labor Proposes New Independent Contractor Rule

October 14th, 2022

The Department of Labor has proposed a new rule meant to change the employment status of independent contractors, which may affect financial ...

Credit Suisse Under Investigation For Allegedly Helping Customers Hide A...

October 13th, 2022

Eight years after Credit Suisse paid a $2.6 billion tax-evasion settlement and pledged to tackle the issue, the Justice Department is investigat...