News Roundup

News Roundup (638)

LPL Eyes Private Wealth Services

LPL Financial executives have outlined the firm’s plans to move into the private wealth market. So reports


JPMorgan Boosts Parental Leave to 16 Weeks

JPMorgan Chase has increased the available time off for a birth or adoption of a new child to 16 weeks, regardless of whether the parent is the primary caregiver. So reports Bloomberg.


FTX Bankruptcy Docs Name JPMorgan, Wells, BofA  

FTX Group has listed JPMorgan Chase, Wells Fargo and Bank of America among entities affected by the cryptocurrency exchange’s collapse. So reports FXStreet.


Fidelity Opens Retail Crypto Trading Platform

Fidelity, which recently announced a waiting list for retail cryptocurrency trading, has now alerted certain users that the service is open for business. So reports The Block.


Wells Fargo Under Pressure to Pay $1B Over Consumer Abuses

The Consumer Financial Protection Bureau has been pushing Wells Fargo toward what would be a record settlement of more than $1 billion over consumer abuses. So reports Bloomberg.


UBS Restructures in Pursuit of Ultra-Wealthy  

UBS is overhauling its wealth management structure as the company follows ultra-wealthy clients to regions like Florida and Texas. So reports Advisor Hub.


Wells Fargo Stays the Course in New Advisor Comp Plan

Wells Fargo has stuck to its guns with its newly unveiled 2023 compensation plan for financial advisors. So reports Barron’s.


Are Financial Advisors Ready to Talk About Touchy Subjects?  

Financial planning software provider eMoney Advisor has announced new research that pinpoints what it describes as a disconnect between financial advisors and end clients.


Goldman’s Asset, Wealth Management Units to Merge Again

People familiar with the matter have revealed Goldman Sachs’ plans to bring its asset management and wealth management units back together. So reports Bloomberg.


Merrill Boasts Best Recruiting Quarter in More Than a Decade

Merrill Lynch Wealth Management president Andy Sieg said that the quarter ending September 30, marked the wirehouse brokerage’s “strongest recruiting quarter in over a decade.” So reports Advisor Hub.


Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.