Jed Horowitz – Page 4

Analysis: Wells wealth sector goosed by asset-based fees; commissions fall

August 24, 2021 at 4:16 p.m.

NEW YORK (Reuters) - Fees drove a 33 percent rise in profits at Wells Fargo Corp's brokerage and wealth management businesses in the third quarter from the same quarter a...

Exclusive: T. Rowe bans some American Air employees from fund trading

August 24, 2021 at 2:38 p.m.

NEW YORK (Reuters) - T. Rowe Price Group Inc has permanently banned about 1,300 American Airlines employees from trading among its funds in their 401(k) retirement plans, a rare move...

Schwab executives see rate improvements; drop ‘Talk to Chuck’

August 24, 2021 at 1:38 p.m.

NEW YORK (Reuters) - Brokerage giant Charles Schwab Corp on Friday gave a cautiously upbeat assessment of client confidence and the outlook for interest rates, but warned investors against over...

Falling Apple hits TD Ameritrade’s margin loan business

August 24, 2021 at 1:39 p.m.

NEW YORK (Reuters) - The drop in Apple Inc's stock over the last year spread to a core business of discount broker TD Ameritrade Holding Corp - lending to customers...

Exclusive: Cantor Fitzgerald to start wealth management business

August 24, 2021 at 12:17 p.m.

NEW YORK (Reuters) - New York firm Cantor Fitzgerald, which is branching out from its core business of electronically trading bonds with other brokers, plans to start managing assets for...

U.S. banks trumpet cross-selling but some brokers resist

August 24, 2021 at 11:50 a.m.

NEW YORK (Reuters) - Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they've tried with...

Broker-dealer LPL overhauling compliance practices after fines

August 24, 2021 at 10:10 a.m.

NEW YORK (Reuters) - LPL Financial Holdings Inc, a fast-growing broker-dealer that offers services to more than 13,000 independent stockbrokers, is overhauling its compliance procedures following a flurry of regulatory...

Trade group SIFMA names ex-Senator Gregg as CEO

August 24, 2021 at 10:06 a.m.

NEW YORK (Reuters) - SIFMA, the securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend...

Schwab reverses ban on client class-action lawsuits

August 24, 2021 at 9:50 a.m.

(Reuters) - Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the...

Schwab reverses ban on client class-action lawsuits

August 24, 2021 at 9:51 a.m.

(Reuters) - Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the...

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