Merrill vs Morgan: Q2 Earnings, Wealth Results
The two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.
FINRA Fines Edward Jones for Supervisory Failures
The broker-dealer issued some 52 million client reports without required supervision, the regulator says.
Vanguard Proposes Fund-Advisor Changes
The proposals were sent to the SEC on the same day the firm announced that CIO Tim Buckley would become CEO in January.
Vanguard CEO McNabb to Step Down
Chief Investment Officer Tim Buckley, who joined the firm in '91 as an assistant to then Chairman John C. Bogle, will become CEO on Jan. 1.
LPL Names 20 Fund Families on New Fiduciary-Friendly Platform
Some familiar names make the list of no-load mutual funds that will be offered, with several notable exceptions.
Double-Digit Earnings Gains Will Be Tough in Q2: LPL’s White
Analysts are upbeat but not exuberant in terms of their expectations for the overall earnings season.
Dynasty Nabs $1B Breakaway Team From Merrill: Recruiting Roundup
Meanwhile, UBS brings on two teams with a total of $975 million in assets from Merrill's Thundering Herd.
Ex-Advisor to Spend 2.5 Years in Jail, Repay $437,000 to Investors
Stephen S. Eubanks pled guilty to fraud earlier this year after taking money from friends and neighbors in greater Boston.
Raymond James Trims Comp Grid for Employee Reps
The cuts will range from 1% to 4% depending on production of reps.
HighTower Nears $50B Mark, Adds 3 Execs
The firm hires George Fischer, Susan Krakower and Kyle Okimoto, who have worked for Merrill Lynch, E-Trade and CNBC.