Jed Horowitz – Page 5

UBS Americas hires in-house experts to spur life insurance sales

August 24, 2021 at 9:45 a.m.

NEW YORK (Reuters) - After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to...

Advisory firm Sontag stops taking fees from Schwab and Fidelity

August 24, 2021 at 11:03 a.m.

NEW YORK (Reuters) - Sontag Advisory, which oversees $3.6 billion of investments for wealthy families and individuals, has reversed its policy of accepting payments from Charles Schwab Corp and Fidelity...

Big U.S. brokerage firms are thriving, not diving: report

August 24, 2021 at 9:14 a.m.

NEW YORK (Reuters) - Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at...

Merrill Wealth rehires Chhabra as chief investment officer

August 24, 2021 at 9:14 a.m.

NEW YORK (Reuters) - Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who...

E*Trade names Morgan Stanley’s Nandra as president

August 24, 2021 at 8:49 a.m.

NEW YORK (Reuters) - E*Trade Financial Corp named a pair of executives with consumer experience to fill top operational and marketing roles on Tuesday, continuing a house cleaning that began...

Schwab first-quarter earnings rise but miss estimates

August 24, 2021 at 2:39 a.m.

(Reuters) - Charles Schwab Corp's first-quarter profit rose 6 percent as fee revenue from mutual funds and other managed money products jumped 14 percent while expenses rose and client trading...

Exclusive: Wells Fargo cuts approved list of money managers

August 24, 2021 at 2:33 a.m.

NEW YORK (Reuters) - Wells Fargo & Co is slashing an approved list of money managers and investment vehicles that its stockbrokers market to the firm's wealthy clients, a change...

York’s Dinan squares off against Ackman over JC Penney

August 24, 2021 at 12:36 a.m.

BOSTON/NEW YORK (Reuters) - Hedge fund manager James Dinan is wagering that ailing retailer JC Penney Corp will continue to perform poorly and in the process he is taking on...

FINRA to appeal Charles Schwab class-action ban ruling

August 24, 2021 at 12:02 a.m.

(Reuters) - The Financial Industry Regulatory Authority will appeal a ruling that allowed Charles Schwab Corp to require customers to waive their right to participate in class-action suits, a spokeswoman...

Schwab investors escalated trading last month

August 23, 2021 at 11:16 p.m.

NEW YORK (Reuters) - Clients of Charles Schwab Corp. ramped up trading in January as the big retail brokerage firm on Thursday reported an 8 percent increase in average daily...

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