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INsider: Pandit exit could pave way for Geithner, analyst says
Surprise departure of Citigroup boss leaves Richard Bové flummoxed
TD’s Nally: Wirehouses giving the kiss-off to ‘wealth accumulators’
Says newfound focus on wealthier clients alienating reps; breakaways on the rise
Morgan Stanley to up stake in MSSB joint venture
Morgan Stanley plans to purchase another 14% stake in Morgan Stanley Smith Barney LLC — the brokerage joint venture the firm formed with Citigroup in 2009.
The strange tale of Mr. C. Bank and Mr. M. Stanley
Mr. C. Bank owned a hotel that was the envy of the rest of the Street. Falling upon…
Sarch: Behind the defection infection at MSSB
In the near future, the Smith Barney name will disappear below the horizon, following its culture which has…
Merrill Lynch names new head of alts group
Bank of America Merrill Lynch has named a new head of its Alternative Investments Group, as demand from its advisers for alternatives is expected to double assets over the next three to five years. Keith Glenfield, former chief operating officer of Global Wealth & Retirement Solutions, started in the new role this week.
Smith Barney write-down helped seal Pandit’s ouster: Source
A source claims Vikram Pandit was ousted as Citigroup CEO due to a series of missteps, not one incident. The last straw? The sizeable accounting hit the bank took from the plummeting valuation of Smith Barney.
INsider: Morgan Stanley in recruiting cross hairs, headhunters say
Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?
BofA settles with investors, but what about reps?
Bank of America on Friday agreed to a $2.43B shareholder settlement over the acquisition of Merrill Lynch. It's unclear if this bodes well for ex-reps who are suing the brokerage for deferred comp.
Weil: Pandit’s math on Smith Barney didn’t add up
Gain from sale included in non-GAAP numbers in 2009 -- but hit from recent write-down wasn't
Purchase of MSSB a steal of a deal?
An arbitrator this week said Morgan Stanley's brokerage unit is only worth $13.5 billion, not $22 billion. So how is that a victory for Morgan Stanley?
More reps’ acting as PMs — but are they up to speed?
Morgan Stanley's Hatch says only about 10% of advisers currently have sufficient expertise in stock selection
The dream B-D destination of breakaway advisers
Independent B-D LPL Financial LLC and regional brokerage Raymond James Financial Inc. top the list of most-desired destinations for potential breakaway advisers.
How Merrill Lynch plans to ‘grow’ thousands of advisers
The need - and the case - for developing and introducing new talent into the financial advice business has been well-documented: The total number of practicing FAs has been steadily decreasing for years, at a time when more individual investors are in need of advice. Practicing FAs, of course, are also getting older each year, creating a greater need for internal successors in many cases.
I’m a rep, I’m a PM, too
More brokers picking stocks for clients -- but are they up to speed?
UBS accelerates restructuring plan as U.S. wealth management shines
The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.
Wall Street, advisory firms funneling big bucks to Romney
Both presidential candidates are getting serious bucks from political action committees. Barack Obama's top donors? Universities. Mitt Romney's? Wall Street banks.
Downhill run for weaker wirehouses
The decline in wirehouses’ market share of assets in the advisory industry has been dramatic since the financial…
More wirehouse reps looking to leave home
New research shows that more wirehouse reps are looking to leave home. What's more, half are considering exiting the channel entirely. | The B-Ds that rate highest with potential breakaways »
HighTower lowers the gate for breakaways
Aggregator announces two new services that provide more autonomy to indie wannabes; 'brilliant move'
