Bank of America Merrill Lynch exec named to lead ING broker-dealer

Thomas Halloran was managing director overseeing product strategy and acquisition for Merrill Edge

Oct 24, 2013 @ 12:39 pm

By Trevor Hunnicutt

ING U.S., one of the nation's largest insurers, Thursday named an executive from Bank of America Corp.'s mass-affluent brokerage business to lead its broker-dealer.

Thomas Halloran, who was the managing director overseeing product strategy and acquisition for Merrill Edge, will be president of ING Financial Partners, ING spokeswoman Maggie Dietrich said in a statement. Merrill Edge is Bank of America Corp.'s self-directed online brokerage business for mass-affluent customers.

(Dive Deeper: How does ING rank in annual broker payouts?)

Mr. Halloran replaces Karl Lindberg, who the firm said will develop and oversee IFP's advisory practice and service model. Mr. Halloran will start Nov. 18.

The broker-dealer is a unit of ING U.S., an insurance, investment and retirement-plan provider that is soon re-branding as Voya Financial after being spun off by its Dutch owners.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Big trends in RIA acquisition

Consolidation is continuing. Acquisitions and mergers are on the rise. Is there an AUM threshold that advisers need to reach for a practice to be viable? Captrust's Rush Benton offers some perspective.

Latest news & opinion

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print