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

+ Zoom
(Bloomberg News)

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

Sponsored financial news

Latest news & opinion

The appeal and pitfalls of holding unconventional assets in retirement accounts

While non-traditional asset classes held in individual retirement accounts may have return and portfolio diversification benefits, there are "unique complexities" that limit their value for most investors.

Wells Fargo's move to boost signing bonuses could give it a lift

Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal

New Jersey fines David Lerner Associates for nontraded REIT sales

Firm will pay $650,000 for suitability, compliance and books and records violations.

Report predicts $400 trillion retirement savings gap by 2050

Shortfall driven by longer life spans and disappointing investment returns.

Wells Fargo will ramp up spending to lure brokers

Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print