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HighTower lowers the gate for breakaways
Aggregator announces two new services that provide more autonomy to indie wannabes; 'brilliant move'
BofA sets sale of Merrill’s New Jersey campus
Bank of America has found a buyer for the sprawling 12-building office campus that its brokerage Merrill Lynch…
Team members out-earning solo advisers — and by a lot
Here's a pretty startling statistic: New data shows that advisers who work in teams make 32% more money than those who fly solo. Indeed, the average team member pulls down nearly $300,000 a year.
Smith Barney bites the dust
It's official — management at Morgan Stanley has eighty-sixed the 'Smith Barney' name, rebranding the iconic brokerage as Morgan Stanley Wealth Management. What would John Houseman think?
HighTower opens gates for breakaway advisers
HighTower Advisors, one of the fastest-growing registered investment adviser aggregator firms in the country, said that it will…
Don’t count wirehouses out, Goldman says
The idea that the wirehouses are finished and everybody's going independent is a myth, Charles Goldman, co-founder of…
Merrill settlement could ‘open a Pandora’s box’
Merrill Lynch's proposed settlement with ex-brokers was aimed at limiting litigation. But some lawyers say it may trigger more lawsuits. Here's why.
Merrill settlement could provide more ammo for brokers
Agreement will set the floor for future monetary claims; lowball figure would trigger new suits, lawyers say
Premiering May 1: Occupy Wall Street, the sequel
Banks are hurriedly bracing for widespread demonstrations, disruptions and disturbances on May 1, as the Occupy Wall Street movement kicks off a new season of rabble-rousing. Says one security expert: It's like elks versus wolves.
Washington Wealth cozies up to LPL
Affiliation will aid hybrid firm's projected expansion to $3B in assets by end of 2013
Now work really starts at MSSB
Brokers and other observers say a culture clash and cost cutting have left legacy Smith Barney reps feeling demoralized and could cause more of the firm's brokers to leave.
Schapiro still married to idea of single fiduciary standard
SEC boss says work continues on proposal; 'I've kept the issue alive and moving forward'
HighTower snags two big teams from Merrill Lynch
Set up the company's first Las Vegas office; two other teams exit the herd as well
Are wirehouses dinosaurs? Citi, MS haggling over Smith Barney could offer clues
Low-ball valuation by Morgan Stanley doesn't inspire great confidence in future of big brokerage business
Finra may offer exemptions on controversial fee
Finra said it is considering an exemption for a controversial fee it charges for existing members that make material changes to their firms
Wells Fargo taps Smith Barney vet to lead strategy
Eduardo Queen spent seven years at New York-based wirehouse
Banks duel over value of MSSB
Citi says MSSB is worth $22B. Morgan Stanley says it's more like $9B. So who's right?
$790M team jumps to Merrill after four months at Barclays
Celenza, DiGioia make quick exit from U.K. bank after 11 years at Smith Barney; location, location, location
HighTower’s Weissbluth: Wirehouses are like Proctor & Gamble
In his latest whiteboard video, HighTower’s Elliot Weissbluth compares wirehouses to manufacturers who push their products, and their…
Finra fighting expungement granted by its own panel
The Financial Industry Regulatory Authority Inc. and a former UBS broker are in court battling over an unusual…
