Stanhope Capital and FWM Holdings plan to merge and create a wealth management firm with $24.2 billion in assets.
JPMorgan will pay a $250 million fine over inadequate risk management controls in its wealth management business.
An advisor is facing murder charges for allegedly killing one of his clients that he is also being accused of bilking, along with at least 8 others.
One main difference is that the new offering gives advisors flexibility, allowing them to “tweak the asset allocation,” the COO says.