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Broadridge offers automated cost-basis application
A new partnership between Broadridge Financial Solutions and Scivantage will provide Broadridge clients with access to Scivantage Maxit, an automated cost-basis application.
Merrill, UBS lure top advisers
Bank of America Merrill Lynch and UBS Wealth Management Americas have hired four high-performing financial advisers, adding to…
A game of musical chairs at wirehouses
Big incentive packages and adviser frustration mark new momentum as turnover picks up.
BofA quashed on arbitration
Court denies request by bank, Merrill on overtime suit.
Adviser numbers will continue to slide: Cerulli
Financial adviser and IBD headcounts continue to shrink as training can't catch up with the drain of talent. But how's the rest of the business faring?
Agenda item
Changes are expected as Finra considers its controversial broker-comp rule this week. Industry watchers say wirehouses are largely backing a recruiting incentive regulation but IBDs oppose it.
Morgan Stanley’s Gorman: Chance of another financial crisis ‘close to zero’
“The way these firms are managed, the amount of capital that they have, the amount of liquidity that they have, the changes in their business mix -- it's dramatic," according to Morgan Stanley's CEO.
UBS to pay $120 million to settle Lehman claims
The brokerage giant was accused of violating federal securities laws in underwriting and selling Lehman securities to investors, who claimed that offering materials contained misleading information about Lehman's financial condition.
<b>The Takeaway:</b> Sell in May not so simple after all
Portfolio Sell in May: Not so simple… (can’t anything ever be?) (Rick Ferri) Merrill…
Merrill heats up summer hiring market with advisers managing $533M
The additions to the firm reflect new hiring activity, recruiters say
BofA Merrill bias settlement goes to once-skeptical judge for approval
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
Merrill settles racial lawsuit for $160M, but little changes
Ripple effect could be felt, making advice business 'a healthier place.'
Wells Fargo adds advisers managing $966M in assets
Five hires join from rival firms Morgan Stanley, UBS
With big new team, Morgan Stanley adds horses
Acquires $1.5B team from J.P. Morgan Securities.
UBS gains adviser with $4.8B
45-year veteran based in New Jersey jumps from Morgan Stanley.
UBS gains adviser with $4.8B from Morgan Stanley
UBS gains a 45-year veteran adviser with $4.8 billion in assets from Morgan Stanley. Dan Jamieson reports.
BofA’s Merrill reaches $160M settlement in racial discrimination lawsuit
Merrill Lynch reaches a $160 million settlement over a racial discrimination lawsuit filed by a group of advisers.
Spilove splits Morgan Stanley to join UBS
Top producer served pension funds, endowments, foundations, retirement plans.
RIAs vs. wirehouses: who will gather more share?
RIAs continue to surge while full-service brokerage firms sputter
BofA creates new retirement unit
Bank of America Corp. has combined its retirement planning and wealth management capabilities.
