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 ...

Citi, meanwhile, recently named a new leader for its private bank by hiring Chris Biotti away from BofA. Biotti is expected to join Citi next month. Citi's wealth division is headed by Andy Sieg, ...

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 ...

Startup custodian Altruist says its latest funding round has raised its valuation to $1.9 billion, according to Reuters.

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 ...

Raymond James ' Private Client Group reported strong year-on-year increases in profits and client assets for the most recent quarter, though the gains were somewhat dampened by quarter-to-quarter ...