Bipartisan Senate legislation to combat senior financial exploitation gives backers hope the measure could be approved by Congress this year. The Empowering States to Protect Seniors from Bad Actors Act would provide $10 million in grants annually to state regulators ...

Bank of America Corp. revamped the leadership across its wealth management business, placing more responsibilities on current heads Andy Sieg and Katy Knox. Certain product teams were moved under Sieg and Knox to better align with client needs, the executives ...

JPMorgan Chase & Co. announced a significant hike to its annual tech budget last week, which executives warned could lead the investment bank to fall short of profit expectations well into 2023.  The increase of more than 26% in what ...

Thanks to the power of compounding, the coming multigenerational wealth transfer continues to swell as an opportunity for enterprising financial advisers, but how or if advisers will ever capture that mountain of assets as it passes to the next generations ...

Expanding beyond its higher education and nonprofit market, pension giant TIAA is offering a deferred fixed annuity to the corporate retirement plan market for the first time. Known as the TIAA Secure Income Account, the annuity is fully cashable during ...

Wells Fargo & Co. got another regulatory order lifted, the latest sign of progress for Chief Executive Charlie Scharf’s quest to turn around the scandal-plagued bank.  The Office of the Comptroller of the Currency terminated a 2015 order over add-on ...

Franklin Templeton has appointed Anne Simpson as its global head of sustainability. In the new position at the San Mateo, California-based asset manager, Simpson will be in charge of the asset management firm’s overall strategic direction on stewardship, sustainability and ...

Kate Henry and Mike Walsh have been named co-presidents of the Northeast region of insurance broker and consultant NFP. They succeed Bill Austin, who will head the company’s expansion efforts in South Florida. Henry was formerly Northeast regional managing director ...

Dynasty Financial Partners is turning to the public equity markets to support its strategy of helping wirehouse representatives break away to become independent financial advisers. According to the filing with the Securities and Exchange Commission, St. Petersburgh, Florida-based Dynasty is ...

Finra fined Credit Suisse Securities $9 million for the brokerage’s lack of control of clients’ securities and conflicts of interest in its research reports. In a settlement released Thursday, the Financial Industry Regulatory Authority Inc. cited the firm, a subsidiary ...