April 17, 2012

Assets up but revenue down for Schwab, TD Ameritrade

By Dan Jamieson

Low rates, unenthused DIY investors are to blame

• Charles Schwab & Co.,
• custodians,
• TD Ameritrade Institutional,
• wirehouses

April 13, 2012

Ex-Merrill execs hope to get mileage out of hybrid model

By Dan Jamieson

Mooney, Morris launch Snowden Capital Advisors; counting on word of mouth to attract advisers

• wirehouses

April 13, 2012

Cohan: Forget Macau, Wall Street's where the biggest casinos are

(Courtesy: Bloomberg Television. William Cohan is a Bloomberg View columnist. The opinions expressed are his own. )...

• broker-dealers,
• Goldman Sachs & Co.,
• JPMorgan Chase & Co.,
• wirehouses

April 9, 2012

The Reformed Broker: The day I realized 'the end was near'

By Josh Brown

The following is an excerpt from Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments, written by Josh Brown, vice president and financial adviser at Fushion Analytcis Investment Partners.

• 3 - Topics,
• broker-dealers,
• brokerage,
• regional brokerages,
• wirehouses

April 4, 2012

Merrill Lynch loses $10.2M broker-pay case

By Dan Jamieson

By any standard, it was a big loss. A Finra panel on Wednesday not only ordered the brokerage to pay two ex-workers $5.2M in back pay, but tacked on a $5M punitive charge. Now, Merrill is striking back. In a court petition seeking to overturn the ruling, the brokerage claims a panel member has it in for the firm.

• arbitration,
• Financial Industry Regulatory Authority (FINRA),
• Merrill Lynch,
• wirehouses

April 2, 2012

Old home week as ex-Merrill execs join McCann on UBS super committee

Six-member team charged with retaking market share in the U.S.

• UBS AG,
• UBS Wealth Management,
• wirehouses

March 30, 2012

Edward Jones and Commonwealth tops with advisers

By Andrew Osterland

Pair of firms ranked No. 1 in J.D. Power and Associates for second year in a row

• broker-dealers,
• independent broker-dealers,
• wirehouses

March 28, 2012

All-in purchase of MSSB could singe Morgan Stanley's credit rating: Analysts

By Andrew Osterland

Say swifter acquisition of remaining Citigroup stake would likely involve leverage

• Morgan Stanley Smith Barney (MSSB),
• wirehouses

March 27, 2012

Seven years later, plaintiffs win 'Round 7' in Merrill bias suit

By Andrew Osterland

Class action discrimination suit looks set to go to trial after latest court ruling

• broker-dealers,
• Merrill Lynch,
• wirehouses

March 25, 2012

Janney signs more wirehouse brokers

By Andrew Osterland

Regional brokerage Janney Montgomery Scott LLC of Philadelphia has landed another large team of wirehouse financial advisers. R. Morgan Purvis, Peter Sampson and Kenneth Wiland Sr., as well as two assistants, joined the firm's Aiken, S.C., office from Morgan Stanley Smith Barney ...

• Morgan Stanley & Co.,
• wirehouses