Fee Transparency: Why Advisors Should Tread Carefully
First, if SIFMA wants it, beware. Second, any regs will only focus on how much clients pay “advisors,” not what they’re paying for brokerage services.
Investors OK With ‘New Normal’
According to the latest results of the Merrill Lynch Affluent Insights Survey, close to 45% of Americans accept the tough economic conditions.
Many Affluent Feeling More Stable in ’12: Merrill Survey
Investors are getting used to "the new normal" and adjusting their economic and financial behavior accordingly, the latest Merrill Lynch Affluent Insights Survey shows.
Merrill Edge Report: Mass Affluent Seeking More Advice, Tightening Wallets
The latest survey finds that 63% of mass-affluent investors turn to advisors and others for financial guidance, up from 53% about six months ago.
Krawcheck Out in BofA Reorg
Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.
BofA’s Darnell to ‘Get Out of Way’ of Merrill Brokers
Sallie Krawcheck’s replacement at Merrill Lynch says he wants to improve results at the brokerage firm, which just grabbed four advisors from rivals Wells Fargo and Morgan Stanley.
Post-Krawcheck BofA: Will Advisors Stay or Go?
Experts debate whether advisors are likely to jump ship or stay in the face of management changes.
BofA's Sallie Krawcheck Taps New Head of Merrill Lynch
John Thiel replaces Lyle LaMothe as head of Merrill's 16,695 financial advisors.
BofA, Krawcheck Narrow Search for New Merrill Head
Two senior executives and two regional directors are reportedly in the running for the top Merrill Lynch post.