4 Next-Gen Advisors Reshaping the Industry
These four young advisors are not mere rookies. They are tech-savvy, forward-thinking professionals who know how to attract a new generation of wealth creators.
Turkish Banks Seek Gold Rush
Campaign to lure gold deposits to put the precious metal to the economy takes off.
Merrill Loses Four Advisors to Wells Fargo
The departures come on the heels of news that BofA is selling some operations to Julius Baer and firing some U.S. Trust managers.
Morgan Stanley Grabs Merrill, UBS Reps; Raymond James Snags MSSB Team
Meanwhile, Wells Fargo adds advisors from Edward Jones, Merrill Lynch and other firms, and Barclays recruits several advisors from Deutsche Bank and Merrill.
Occupy Goes Worldwide on May Day
On May Day protesters from the Occupy group planned demonstrations across the world, chiefly against financial institutions.
BofA Makes Retirement Services Push for Merrill
Bank of America is rolling out a defined-contribution consulting service for institutions at Merrill Lynch and a 401(k) service for small businesses at Merrill Edge.
Merrill Edge Rolls Out Portfolio Series
BofA's new mass-affluent products have a 1% yearly fee and a $20,000 minimum balance.
Merrill Lynch Boosts Client Minimum, Earns Expert’s Kudos
The move to raise the minimum household asset level to $250,000 comes as the Bank of America unit seeks further ways of increasing profits for its high-net-worth and mass-affluent operations.
Raymond James Adds 5 Advisors From Wells, UBS
Five reps join Raymond James as employee advisors in the Southeast with about $4 million in yearly fees and commissions and close to $700 million in combined assets.
BofA to Add 160 Merrill Edge Advisors in Southwest
Bank of America said Monday that it planned to add 160 Merrill Edge Financial Solutions Advisors in the Southwest by the end of March 2012 and named several managers to help it grow the business in this market.