Independent financial advisors may soon be able to retain and reinvest a greater percentage of their practice's revenue. A coalition of broker-dealers and industry trade groups has asked Congress to ...

Another proposal under consideration would make changes to the capital gains tax, in case of an estate tax repeal, such as the elimination or modification of the step-up approach, in which inherited ...

The Americas wealth unit posted $2.9 billion in total revenues in the fourth quarter, a 14% increase year-over-year, and its profit before tax in the fourth quarter of 2024 was $214 million, up $129 ...

Fidelity Brokerage Services is facing an arbitration claim alleging that the firm failed to protect investors from an investment advisor's high-risk, loss-generating trading despite numerous red flags ...

In the first half of 2025, LPL plans to pilot "an enhanced selling experience" for advisors looking to buy alts on their clients' behalf, Steinmeier said. This capability will be "fully digitized with ...

President Donald Trump has fired Rohit Chopra, the head of the Consumer Financial Protection Bureau since 2021, following calls from the financial services industry for Chopra's removal, according to ...

While the SEC normally has five commissioners, it's currently operating with three: In addition to Uyeda, it includes Republican Hester Peirce and Democrat Caroline Crenshaw, after former chair Gary ...

Earlier this month, U.S. District Judge Reed O'Connor ruled that allowing BlackRock, which managed the airline's 401 (k) plan, to consider ESG factors when picking investments for the plan meant that ...

The team, which operates as Pollard Bryan Carl Wealth Partners, oversaw $1 billion as of March 2024, according to Forbes. Its offerings include family office solutions, trustee services and ...

About 80% of nonmanagement workers at the agency are in the union, according to the SEC union's website. That includes 85% of all regional staffers, 85% of those in the Division of Examinations, 79% ...

A Pennsylvania-based investment advisor is facing charges from the Justice Department and the Securities and Exchange Commission that he fleeced clients of his registered investment advisory firm out ...

New Charles Schwab Chief Executive Officer Rick Wurster touted the momentum of a "strong" 2024 and said on Tuesday that the firm this year will further invest in its wealth business, particularly ...