Five years into the scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and shoring up ...

The Social Security trust funds, created to help pay future retirement benefits when payroll tax revenue alone is no longer sufficient, will run dry in 2034, one year sooner than previously predicted, as a result of the economic fallout from ...

A Securities and Exchange Commission’s examination of how financial advisers use online platforms to attract clients could result in redefining an investment recommendation and expanding the reach of the broker advice standard. Last week, the SEC released a request for ...

Fidelity Investments plans to hire 9,000 new employees across the U.S. by year-end as the company sees record growth amid a surge in stock trading. The hiring push is the fund manager’s third in less than a year, reflecting a ...

Self-directed brokerage accounts within 401(k)s and other retirement plans grew by 22% over the past year, according to a report today from Charles Schwab & Co. As of the end of the second quarter, the average account balance was more ...

Payments giant PayPal Holdings Inc. is evolving its mobile app to enable millions of customers to trade individual stocks on its platform.  CEO and president Dan Schulman said during an investor day presentation in February that the firm is gearing ...

Allison Taylor, who managed $295 million at Wells Fargo Advisors, has affiliated with LPL Financial. The Taylor Wealth Management team includes Taylor’s daughter, Jordan McDole, who serves as the firm’s operations manager, and Kaitlyn Chuong, the client relationship manager. The ...

Lincoln Financial Group, a provider of annuities and retirement products, named Ellen Cooper president and chief executive to succeed Dennis Glass after the 2022 annual meeting in May.  Cooper, the firm’s chief investment officer, will also join the board next ...

A former top executive at Wells Fargo & Co. at the center of the bank’s fake accounts scandal is asserting her constitutional right against self-incrimination to push back against claims by the Securities Exchange Commission that she misled investors.  Carrie ...

For this debut of my goRIA column, I want to explore exactly why there seems to be a tidal wave of advisers leaving the broker-dealer world to join or start an RIA. If you are an adviser, you are either ...