A probe by Finra, Wall Street’s self-regulator, spans the wealth unit as well as the division that houses trading.

The U.S. Financial Industry Regulatory Authority (FINRA) is investigating Morgan Stanley over how the firm screened clients ...

Brazilian financial services platform XP Inc aims to double its client assets under custody by 2033 from the current 1.3 trillion reais ($235.65 billion), the firm's CEO told Reuters.

Senior executives from global insurance giants told Insurance Business that these pressures have reshaped client needs and ...

BlackRock’s stock bounced higher Wednesday as Wall Street brushed off any concerns over a large redemption by a client in ...

Claude for financial services can “turbocharge” the work analysts or fund managers are already doing by serving as their ...

As embedded finance (EmFi) enablers embrace new opportunities in the corporate and enterprise world, there is a temptation to pursue game-changing deals solely with large clients at the expense of ...

So don’t feel bad about having a large client or two—you are hardly alone in that space. But, and this is very important, you do need to think about the end, and what that looks like.

We found that on average large firms lost 4.3% of their clients in 2023. In comparison, medium-sized firms lost 3.3% and small firms lost only 1.4%. It’s not always bad to lose clients.