Fourth big signing for firm this year; 'a great mousetrap'
In a move that could have a serious impact on the advice business, Finra is considering giving private vendors access to the regulator's data on licensing and disciplinary actions.
Desperate to reel in star brokers, the wirehouses are fishing more than ever in the unlikely and foreign waters of independent-contractor broker-dealers to hook their top representatives
Dispute claims of reps who left after BofA merger
Mooney, Morris launch Snowden Capital Advisors; counting on word of mouth to attract advisers
By any standard, it was a big loss. A Finra panel on Wednesday not only ordered the brokerage to pay two ex-workers $5.2M in back pay, but tacked on a $5M punitive charge. Now, Merrill is striking back. In a court petition seeking to overturn the ruling, the brokerage claims a panel member has it in for the firm.
Bank wouldn't undertake centralization of investment, research functions if Americas unit were on the block, consultant surmises
Greg Smith's parting shot at Goldman Sachs in a scathing New York Times Op- Ed piece yesterday has touched off a firestorm.
Independent Financial Partners aims to push recruitment this year — and add $30 million in GDC
Bank interested in selling remaining 35% share of brokerage to MSSB -- if the price is right
Purchase will boost bank's clearing and record-keeping capabilities
Life continues to get more complicated for Merrill Lynch advisers operating under the umbrella of beleaguered parent Bank of America Corp.
Bob Mulholland, who was head of the wealth-management adviser group, was named head of wealth management and investment solutions
New wealth management firm recruiting from big firms; 'lot of unhappy people there'
UBS AG, Switzerland's biggest lender, said Robert J. McCann, the head of wealth management Americas, was the highest-paid member of the executive board in 2011, receiving total compensation of 9.18 million Swiss francs ($9.9 million).
Low rates, unenthused DIY investors are to blame
