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6 days ago | 
advisorhub.com | Beth Alegret
Inside Wells Fargo & Co.’s newest branch in New York City, steps from Central Park, Charlie Scharf was talking up plans to expand his bank’s network across the Big Apple. “I’m a little biased because I’m a New Yorker, but New York has really great opportunities for us,” the chief executive officer said at the branch — its fourth opened in the city in as many months.
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1 week ago | 
advisorhub.com | Beth Alegret
A potential regulatory shift in favor of the ETF industry is expected to shake up the business models of Wall Street brokers, with billions of dollars in revenue at stake. Wirehouses and broker dealers risk losing between $15 billion and $30 billion a year in fees that they currently collect from the mutual funds they offer to customers, according to a report released Thursday by Cerulli Associates.
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2 weeks ago | 
advisorhub.com | Beth Alegret
Retail investors flocked to Robinhood Markets Inc. as President Donald Trump’s global tariffs roiled markets, boosting the company’s revenue and earnings, even as growth in cryptocurrency revenue slowed. Total net revenue jumped 50% from a year earlierto $927 million, while net income more than doubled to to $336 million. Per-share earnings of 37 cents topped analysts’ estimates of 33 cents.
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2 weeks ago | 
advisorhub.com | Beth Alegret
A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday. The orders resolve actions the Office of the Comptroller of the Currency initiated against David Julian, former chief auditor, and Paul McLinko, former executive audit director. The regulator assessed a $100,000 civil money penalty against Julian and a $50,000 civil money penalty against McLinko.
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3 weeks ago | 
advisorhub.com | Beth Alegret
Wall Street pros have a warning for investors eager to jump back into the stock market as it rebounds Tuesday: Watch out for headfakes in the middle of a longer-term decline. “We call it the ‘pull the football’ market,” said Joe Saluzzi, co-manager of trading at Themis Trading, referring to the classic gag from “Peanuts” cartoons.
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3 weeks ago | 
advisorhub.com | Beth Alegret
Morgan Stanley, whose E*Trade business just posted its highest-volume trading days in years, is ramping up efforts to reach the most-active day traders with a new platform. “Power E*Trade Pro” allows traders to customize as many as 120 tools across six screens on a desktop application separate from the firm’s current web and mobile products. The offering, announced Monday, is in a pilot period and set for a full launch in June.
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1 month ago | 
advisorhub.com | Beth Alegret
US stocks swung violently, wiping out a 4% plunge to rise more than 3% before turning negative again as investors reacted to a swirl of headline related to President Donald Trump’s trade policies. The S&P 500 Index was down 0.6% as of 10:22 a.m. in New York, after sinking 10% in the previous two sessions. The Nasdaq 100 Index soared 3%, after the tech-heavy gauge entered a bear market on Friday. The small-cap focused Russell 2000 rose 2%.
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Feb 11, 2025 | 
advisorhub.com | Beth Alegret
Despite getting sacked on the openings on the past two Mondays, the stock market has been racking up points on most of its possessions lately. Two weeks ago, it was the Deep-Seek news that blitzed the market and was responsible for the early-week loss. Last week, it was the initial threat of tariffs on imports from Canada, Mexico and China that brought the market to its knees.
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Jan 23, 2025 | 
advisorhub.com | Beth Alegret
AdvisorHub’s CEO, Tony Sirianni talks with John Langston — Founder & CEO of Republic Capital Group. The two discuss John’s original career path as a financial advisor, managing client life events, how clients change their advisor over an inflection point, the biggest mistakes an advisor can make, and how 70-75% of clients underestimate the value of their business. TRANSCRIPTTony Sirianni:Welcome everyone to another edition of the Tony Sirianni Podcast.
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Dec 2, 2024 | 
advisorhub.com | Beth Alegret
The firm has an arsenal of resources for its advisors to help business owners succeed at all stages of the business life cycle. Over the course of their decades-long careers, RBC Wealth Management financial advisors Leslie Lauer, Rebecca Glasgow and Curt Rubinas have guided thousands of business owners through succession planning. When hearing their stories, you can see a clear pattern: Business owners need help when they are ready to exit their company—and many are unaware of their options.
