Andrew Welsch

Merrill also poached talent from competitors Wells Fargo and Edward Jones.

The fintech is trying to make it easier for advisors to adopt model portfolios from their preferred asset managers.

The team, led by a 42-year veteran of the industry, oversees more than $600 million in client assets.

BlackRock joins State Street and Invesco in offering investors ETFs that track the tech-heavy Nasdaq-100 index.

A new State Street report shows investors continue to favor ETFs, including actively managed and fixed-income funds.

The five ETFs all represent broad U.S. market indexes, limiting opportunities for investors to diversify into bonds or international markets.

The company is also expanding AI trading capabilities for U.S. cryptocurrency investors.

The acquisition of Opes Wealth Management is EP Wealth Advisors’ fifth deal this year.

It’s the first time that Vanguard has turned to T. Rowe Price to help manage some of its active equity funds.

The client accuses Commonwealth, now owned by LPL Financial, of breach of fiduciary duty.

State Street is challenging Invesco with its newly launched Nasdaq-100 exchange-traded fund. BlackRock is poised to join the fray.

A survey commissioned by HSBC finds that most U.S. investors tend to get their investment ideas from humans, not AI.

The Providence, R.I.-based bank has been striving to hire more advisors to help it expand its wealth management business.

The company is adding more artificial intelligence-powered capabilities for customers as it seeks to build an “everything app.”

Fraser’s is the 13th turnaround effort at the giant bank. It may be the first to succeed.