Jessica Mathews
Financial Planning
New York, United States
Contact Jessica
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Past articles by Jessica:
Wealth managers fall short under Reg BI? What regulators are saying
Unclear — or no — disclosures were among a number of concerns regulatory officials expressed about initial examinations. → Read More
Charles Schwab cuts 1,000 employees post-TD Ameritrade deal
The company said no additional layoffs would take place this year, but it left the door open to future staffing changes at the newly combined enterprise. → Read More
Despite lower interest revenue, Pershing adds $12B in net new assets
BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds. → Read More
A look at FINRA’s proposed fee hikes
The regulator would generate an additional $225 million per year from the fee increases. → Read More
‘End of an era’ — and TD Ameritrade
The custodian had been a key player in the growth of the independent channel. → Read More
What Schwab has to say about Veo, TD and referral networks
Charles Schwab is in early stages of its plans for the future of TD Ameritrade’s advisor division. → Read More
Schwab closes TD Ameritrade acquisition, forming colossal custodian
The newly combined firm is expected to transform the independent marketplace in terms of technology, talent and RIA choice. → Read More
Want more client referrals? Try ESG, says J.D. Power
Demand from clients has some advisors reconsidering sustainable investing strategies. → Read More
‘Devil’s in the details’: How advisors pick a custodian
It’s a big decision, and getting it right the first time around can avoid a lot of headaches, experts say. → Read More
FINRA weighs scaling back in-person portion of cycle exams: CEO
Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said. → Read More
BlackRock to double down on ESG despite new DoL proposal
The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year. → Read More
After losing millions in 'disastrously unprofitable' strategy, ex-FA charged with fraud: SEC
The broker hasn't been registered in over a decade, and was using clients’ usernames and passwords to make trades in their self-directed brokerage accounts, according to the regulator. → Read More
DoL knocked for rushing fiduciary rule replacement
The department faced scathing criticism for hours from insurers and consumer advocates alike. → Read More
SEC opens gates to accredited investor status — and draws rebuke
Previously, criteria focused on an investor’s wealth. Now, a broader group has access to investments that include private company offerings and certain private equity funds. → Read More
Financial planning for free? What Charles Schwab’s latest offering entails
The company’s new self-guided tool will generate a plan for clients in as little as 15 minutes. → Read More
Fewer than 40K advisors joined BD industry in 2019
The number of advisors registering with FINRA has fallen since 2016, as more planners elect a fee-only model. → Read More
Vanguard tests new robo advice tech for planners
About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says. → Read More
LPL lands M&T Bank's $20B retail brokerage in latest IBD consolidation
It will be the largest bank channel team at the IBD, with its former clearing house Pershing taking a hit. → Read More
AIG’s Valic Financial Advisors settles 2 SEC cases for $40M
The firm allegedly didn't disclose it paid a teacher union entity $10,000 a month “for its exclusive endorsement” as its preferred financial services partner, according to the regulator. → Read More
PPP loans and advisors: 5 key takeaways
Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more. → Read More