Andrew Welsch

The brokerage firm says it expects to execute the buyback program over the next three years.

The company allocated 30% of client assets in its once-default robo-advisor accounts to cash, according to the SEC.

The company said it gave $175 million worth of equity stakes to all of its roughly 360 financial planners.

The investment builds on a growing relationship between the bank and the technology and asset-management services provider.

JD Power’s annual study of investor satisfaction also found more young investors turning to fintech brands.

Dynasty denies Merrill’s accusation that it reneged on an agreement to arbitrate their dispute; there was no agreement in the first place, Dynasty says.

Thousands of financial advisors at the Future Proof conference in Miami last week got a glimpse of how AI is changing their industry. Here’s what they saw.

The company provided new revenue guidance as part of its monthly activity report, which provides details about the new assets Schwab is bringing in.

Sharon Brovelli is president of workplace investing at Fidelity Investments.

Sharon Hill is head of global and income active equity at Vanguard.

The company’s business is sensitive to the direction of interest rates as Wealthfront relies on its cash management offering for a large portion of its revenue.

The company is forging ahead with plans to allow customers to directly hold Bitcoin and Ethereum even though the “fervor” around digital assets has waned.

Big consumer banks and small fintechs were have been taking hits over concerns about inflation, interest rates, and macroeconomic uncertainty.

The company wants to give mainstream investors more access to private investments.

The company is rolling out new features and services to win affluent investors as well as gain wallet share with existing customers.

Long known for supporting independent advisors, the company’s next phase of growth depends on expanding its ranks of W-2 advisors.

Shares of consumer bank Wells Fargo, wealth manager Morgan Stanley, and other financial services companies were rising Monday.

Investor trading activity jumped last year, with daily average trades up 31% year over year, according to Fidelity.

Financial stocks have taken hits recently as investors weigh the impact of potential AI-related disruption.

The Canadian bank’s wealth management business got a boost from strong equity markets in North America last year.