Financial advisor pay is ‘one of the most powerful strategic levers’ for RIAs
A new annual compensation report by consulting firm Succession Resource Group explains how pay plans can boost — or detract from — the value of an RIA.
Flourish launches mortgage platform to help RIAs retain assets
The RIA technology platform builds on its acquisition of AI-powered liability-optimization fintech Sora Finance last year.
FHFA plan renews its effort to grow counterparty oversight
A Federal Housing Finance Agency report suggests it should have more authority over companies that work with Fannie Mae and Freddie Mac.
New on American Banker: Wealth and Mortgage destinations
For the first time, we’re expanding coverage powered by our sister brands Financial Planning and National Mortgage News.
Nebraska bank to settle MoveIt data breach for $2.4M
Union Bank and Trust is resolving claims from a 2023 software exploit that exposed customer data to cybercriminals.
CFTC requests public comment on prediction market rulemaking
The agency issued an advanced notice of proposed rulemaking for prediction markets shortly before Arizona filed criminal charges against Kalshi on Tuesday.
New York’s Metropolitan eyes opportunity in gaming payments
The $8.2 billion-asset bank says it’s nearly finished building a platform that will provide gaming operators with real-time payment capability.
BMO to boost California branch count by 50% over five years
Three years after acquiring Bank of the West, BMO is preparing to open 130 branches in the Golden State, where it thinks it can achieve density and critical mass. The Toronto-based bank also plans to open 15 branches in Arizona.
Mastercard’s $1.8 billion BVNK deal boosts its stablecoin agenda
BVNK’s technology enables traditional currency and stablecoins to work together, and will enable the card network to improve distribution for clients that use digital assets.
OCC needs input on proposed stablecoin implementation rule
Comptroller of the Currency Jonathan Gould encouraged the audience at a crypto conference Tuesday to weigh in on the agency’s GENIUS Act implementation rule and said a separate anti-money laundering proposal from OCC and Treasury would be coming soon.