Citigroup Inc. joined rivals including UBS Group in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff. The lender’s employees will have the option of working from home at ...

Eight representatives who managed $300 million at Waddell & Reed have affiliated with the independent unit of Raymond James through Beyond Wealth Advisors, an affiliate based in Manhattan, Kansas. Advisers Ross McDonald, Anthony Gorman, Ryan Hayden, Diane Freeby, Mathew Bishop, ...

The 529 college savings market is increasingly dominated by just a few players, and the barriers to entry for new contenders are getting higher. Currently, 10 program managers oversee 90% of the assets in 529 plans, up from 80% 10 ...

The recent string of ransomware attacks on multiple companies, including the attack by DarkSide on the Colonial Pipeline, highlights how crippling these types of cyberattacks can be on a business.  Wealth managers, for one, make easy targets because they publicly ...

Robinhood Financial has agreed to pay a total of $70 million in fines and restitution to settle allegations that the online brokerage brought significant harm to millions of customers as a result of false or misleading information, system outages and ...

The nation’s largest retirement program — the federal government’s Thrift Savings Plan — will begin offering ESG funds in the summer of 2022 through a new mutual fund “window” similar to a brokerage option. As reported by Barron’s, the fund ...

Cetera Advisor Networks will pay a $125,000 fine and accept a censure from the Financial Industry Regulatory Authority Inc. in connection with customer privacy breaches. In a letter of acceptance, waiver and consent, Finra said that between October 2019 and ...

Kestra Holdings, the Austin, Texas-based parent of several broker-dealers and registered investment advisory firms, has hired Kara Murphy as chief investment officer. She will lead a new division, Kestra Investment Management. Murphy most recently served as chief investment officer and ...

As the world reopens, it will take a bit of readjustment. That’s not just getting out and meeting with people and going to conferences again, but also because the world has changed. Assuming that the world will be the same ...

The private equity industry, not known for its public appeal among everyday Americans, is deploying politically directed ads in what could be its last stand to protect a valuable tax break that Democrats have targeted for elimination this year. Arizona, ...