So long, Sallie

So long, Sallie
Former Bank of America wealth management chief Sallie L. Krawcheck quietly stepped down from her Finra board seat sometime in the past week or so, according to published reports
OCT 09, 2011
Weeks before her ouster last month as part of a management shake-up, she had been elected a governor of the Financial Industry Regulatory Authority Inc. to represent large brokerage firms. Had Ms. Krawcheck been able to latch onto another large brokerage firm quickly, she would have been able to keep her seat. On Friday, her severance package was made known: $6 million. That includes one year's salary of $850,000 and a one-time payment of $5.15 million that will be made next year.

Latest News

Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones
Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones

With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.

Insured Retirement Institute urges Labor Department to retain annuity safe harbor
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors
LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors

"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.

Mercer Advisors expands in Florida with $1.2B AUM next-gen team
Mercer Advisors expands in Florida with $1.2B AUM next-gen team

It's the mega-RIA firm's third $1B+ acquisition in just three months.

WisdomTree to acquire $1.85B AUM specialist asset manager
WisdomTree to acquire $1.85B AUM specialist asset manager

The deal marks a strategic entry into private asst markets for the ETP, ETF innovator.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

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.