The landscape for the investment industry remains uncertain as the financial advisors and broker-dealers are yet to know the intention of the incoming administration regarding the fiduciary rule. The rule was passed earlier this year and is scheduled to take effect on April 10, 2017.
Charles Schwab Corp. (SCHW.N) is weeks away from introducing an automated investing service aimed at winning business from novice investors it does not currently serve, company officials told Reuters.
INTL FCStone abandoned its plan to buy Cleartrade Exchange due to the newly-issued financial guidelines.
Societe Generale is set to buy out Credit Agricole's shareholdings in the joint venture brokerage Agricole.
Truebridge has announced that it has acquired American Brokerage Consultants which provides management consulting, strategic assessment, research to banking institutions,