‘Dissident’ Candidate Elected to FINRA Board
Brian Kovack campaigned on the need to reform FINRA's arbitration process, exams and registration disclosures.
BofA’s Biggest Reshuffling Since Krawcheck’s Exit Keeps Getting Bigger
Days after CFO's high-profile resignation, general counsel Gary Lynch seen as likely to leave his post; wealth chief David Darnell recently announced plans to retire.
‘Dissident’ Candidate Vies for FINRA Board Seat
With FSI's endorsement, securities attorney Brian Kovack is running against FINRA's chosen candidate to push for "immediate reforms" in three areas.
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.