Merrill Signs Ex-NFL Player to Head San Francisco Complex
Willie Thomas, a former Seattle Seahawk, has 20-plus years in the business and will lead nearly 200 reps.
FINRA Penalizes Merrill $2.4M Over Pricing of GM Notes
The fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
UBS Reps to See Bigger Wealth Bonuses
The 7,000 reps are set to receive more fees and commissions tied to insurance, lending and planning work.
Merrill’s New Comp Plan Pushes Reps to Drop Small Clients
Enhanced payouts will be offered to reps who bring in new high-net-worth households as smaller clients will be directed to Merrill Edge.
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPO
The firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
Morgan Stanley to Award More Bonuses Up Front
Morgan’s compensation committee agreed to defer future bonus pools at an average rate of 50% instead of 80%.
In Search of the Best Financial Planning Software: Integration
As I near my decision on which financial planning software to choose, a last-minute integration issue arises.
How Will AUM Advisors Weather the Next Market Downturn?
With an average profit margin of 22%, not all advisory firms may even survive the next downturn.
Merrill Grabs 6 Reps From Morgan Stanley, Others
The recruited reps have about $710 million in assets and $5 million in production.
Are Privately Owned Broker-Dealers a Dying Breed?
With the recent sales of broker-dealers, have you noticed how many BDs in the top 50 are privately owned?