One of the latest wrinkles in the Charles Schwab custody transition from TD Ameritrade’s system involves RMDs, and a lack of records for any that were taken this year before Sept. 5. That has left advisors who were part of the move double-checking to ensure that their clients who are...
A rendering on a Dream Chaser spaceplane in orbit.Sierra SpaceSierra Space, one of the sector's most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned.A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify...
Advisors who are interested in growth, scale, practice management and margin expansion “absolutely have to attend” an upcoming webinar on turnkey asset management platforms. “TAMPs are about outsourcing,” said Barrett Ayers, president and chief executive of Adhesion Wealth. “If you’re struggling with margin compression and you’re being asked to do...
In August, B. Riley Financial Inc., which provides services ranging from investment banking to wealth management, said it had invested $216.5 million as part of the $2.8 billion management-led acquisition of Franchise Group Inc. Now the Franchise Group’s CEO, Brian Kahn, is under scrutiny, after a report that Kahn has...
Check out the companies making headlines in extended trading. Applied Materials — Shares of the semiconductor company slid more than 7%. Reuters , citing people familiar, reported that Applied Materials was being probed by the Justice Department for potentially dodging export restrictions on Chinese chip company SMIC. Gap —...
Cassie Ventura and Sean 'Diddy' Combs attend the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City.John Shearer | Getty Images | The Hollywood Reporter | Getty ImagesThe music mogul Sean "Diddy" Combs was...
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty ImagesGap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which...
People walk past a billboard advertisement for YouTube on September 27, 2019 in Berlin, Germany.Sean Gallup | Getty ImagesYouTube is launching a new tool powered by artificial intelligence that will allow users to record audio using the voices of some of today's most famous musicians, the company announced Thursday.The...
Morgan Stanley Smith Barney agreed Thursday to pay six states $6.5 million to settle charges that it failed to protect customers’ personal information while shutting down two data centers in 2016. The problem occurred when computer devices were decommissioned and resold following the closure of Learn more about reprints and licensing...