Andrew Osterland
Andrew was a reporter on the InvestmentNews team from 2011 to 2013 before going on to become a freelance reporter. Connect with him here: @aoreport
Andrew was a reporter on the InvestmentNews team from 2011 to 2013 before going on to become a freelance reporter. Connect with him here: @aoreport
Class warfare is likely to be a major theme of the 2012 election, with bottom-line consequences for financial advisers' affluent clients.
The latest compensation changes being made by Merrill Lynch Wealth Management to encourage brokers to go after wealthier clients could hurt broker trainees, small-market financial advisers and low-end producers.
Merrill Lynch added to adviser ranks but revenue fell 1.9%.
The trickle of advisers leaving Morgan Keegan & Co. since it was put on the block by parent Regions Financial Corp. in June is picking up volume.
Blackrock's chief equity strategist Bob Doll gave a not-so-ringing endorsement of the U.S. economy and the stock market for 2012.
A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.
Cetera Financial Group informed financial advisers at two of its three brokerage units last Wednesday that it plans to bring custody of various IRA and savings accounts in-house at its third broker unit, PrimeVest Financial Services Inc.
Buyer of Securities America offers carrot to the unit's brokers to entice them to stick; 'most of the advisers will stay put'
Mostly unaware of money clients put into direct accounts; 'market is bigger than many people recognize'
Wells Fargo's retail client assets and fee-based wealth management income are both down.
