BofA, Goldman Sachs Reverse Roles With Core Business Letdowns
Bank of America beats on trading while Goldman boosts lending; both firms’ stocks jumped more than 30% after Trump’s election.
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.
Raymond James Adds $1B RIA Partner in Texas: Recruiting Roundup
Meanwhile, First Republic Bank brings on two wealth teams from UBS and Merrill Lynch in the Golden State.
Raymond James, Dynasty Add Big Wirehouse Teams: Recruiting Roundup
Meanwhile, Cetera attracts a group with 55 indie advisors in Southern California.
Merrill Lynch Nabs Longtime Morgan Stanley Exec Carl Swanson
Swanson switches wirehouses to lead platform experience at Merrill after more than 24 years with Morgan Stanley Smith Barney.
Merrill Lynch Nabs $628M Morgan Stanley Team: Recruiting Roundup
Meanwhile, a large hybrid-RIA recruits an executive from Fidelity Investments’ Clearing & Custody Services business.
Ameriprise Adds 15 Reps From Wells Fargo FiNet: Recruiting Roundup
Meanwhile, FiNet, Raymond James, Merrill Lynch and S2K Financial share details on their latest recruits.
Merrill Nabs $3.3B UBS Group in Chicago
It also picks up a UBS team in New York that manages $1 billion and has $7 million in yearly fees & commissions.
Merrill to Pay Fine Over Trading, Disclosure Issues
More than 1,000 trades were not executed to get clients the best prices, and investors didn't get compensation info on thousands of trades.
In Reversal, Merrill OKs Retirement Account Commissions in 'Limited Situations'
Wealth chief Andy Sieg shares details on the cases in which advisors can charge commissions via BIC.