Manager of Merrill Lynch's flagship Manhattan branch walks

A source at Merrill confirmed Racquel Oden's departure but gave no reasons for her leaving.
DEC 20, 2017

Racquel Oden, managing director in charge of Merrill Lynch's flagship Manhattan branch overseeing 200 advisers, left the firm on Wednesday. A source at Merrill Lynch confirmed Ms. Oden's departure but gave no reasons for her leaving. She was promoted in March 2016 to manage Merrill's Fifth Avenue office, replacing Jeffrey Tucker, who had been promoted but later left Merrill Lynch to work at Morgan Stanley. Ms. Oden, 44, joined Merrill Lynch in 2010. Prior to that, she worked at UBS Financial Services Inc., according to her BrokerCheck profile. Ms. Oden this month was named one of the financial advice industry's leading innovators by InvestmentNews and was profiled in its Icons & Innovators issue. Industry website AdvisorHub.com first reported the news of Ms. Oden leaving Merrill Lynch.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave