The 16% figure was cited by SEC Chief Operating Officer Kenneth Johnson in a Tuesday email to some staff, two of the sources told Reuters.

A bill reintroduced in the House of Representatives seeks to set higher thresholds for capital gains tax brackets in a bid to bring the tax in line with inflation.

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, ...

Effective June 1, David Chubak, the current head of branch development and the U.S. business unit, will take on the new role of head of wealth management and field management, while Lena Haas, who ...

The MK Group is the third advisor hire announced by RBC since last week, the others being an eight-person team that oversaw $5 billion at J.P. Morgan and a solo practitioner who oversaw more than $1 ...

Ameriprise Financial has stopped reporting its advisor count in its quarterly earnings, a company spokesperson confirmed.

Ameriprise Financial and Raymond James executives are optimistic about their recruiting pipelines despite the current market volatility and increased competition. Ameriprise's recruiting pipeline "is ...

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 ...

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 ...

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 ...

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 ...

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 ...