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.
Arkadios Capital Nabs $1.8B Triad RIA, LPL Grabs $420 Merrill Team
Meanwhile, Kovack Securities buys broker-dealer with $200 million and seven advisors.
UBS Americas to Boost Product Sales as Recruiting Focus Fades
The group, which tops rivals with average fees and commissions, is shifting its strategy, says CFO Kirt Gardner.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
BofA Profit Jumps in Q1 as Wealth Unit’s Asset Flows Top $29B
The number of advisors in the Thundering Herd, though, falls below 14,500 as more reps retire.
What to Make of Merrill's Reorg, New Ads
Is Merrill Lynch — now led by Andy Sieg — wrestling with issues tied to the DOL's new fiduciary rule?
Merrill Lynch Adds Duo From Wells Fargo Private Bank: Recruiting Roundup
Meanwhile, the $600 million investment arm of Prosperity Bank affiliates with Raymond James Institutions unit.
Best Full-Service Investment Firms Ranked by Investors: J.D. Power — 2017
Overall satisfaction has risen across full-service broker-dealers, the survey finds, but robo-advisors present a clear threat.
Focus Financial Nabs $2.7B RIA; Raymond James Adds Wirehouse Rep: Recruiting Roundup
Meanwhile, U.S. Trust hires a philanthropic sales director and S2K brings on a due diligence executive.