Recruiting Trends: Is Now a Good Time to Move?
Before you go independent or switch firms, consider these job-market factors.
Merrill Reinvents Training; Clearing Firms Get Social: April Research—Slideshow
The cover story of the April issue of Research takes an in-depth look at Merrill Lynch Wealth Management's revamped training program. A feature article examines the clearing industry's efforts to move beyond its traditional transaction focus.
Merrill Bulks Up Training
In a bold bid to boost performance, Merrill Lynch Wealth Management has re-engineered its iconic training program.
BofA to Pay $2.4B
Bank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.
BofA Settles Merrill Purchase Suit for $2.43 Billion
The deal resolves a long-standing dispute, but should not have much impact on the firm's advisors, experts say.
Raymond James Loses a $200M Rep, but Keeps 90% of MK Advisors
One recruiter says he is quite "surprised" at the retention level given the competitive compensation environment. Private Client Group President Tash Elwyn was upbeat about the firm's retention efforts.
Recruiting Wars for Teams Heat Up
Recruiters say the departure of Harvey Kadden and his colleagues from Merrill should send a strong warning to Bank of America-Merrill Lynch — either improve the relationship between the bank management and FAs or watch more wealth managers depart.
$1B Merrill Team in New York Jumps to Morgan Stanley
Following Krawcheck’s departure, the group of five veteran advisors led by Harvey Kadden decided to leave, too, sources say. Recruiters says departure sends a strong warning to B of A-Merrill.
UBS Sees Leaders Exit, Expects Profit
UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
Morgan Keegan Court Victory May Actually Be ‘Enormous Defeat,’ Recruiter Says
A recent ruling by a judge overturning a $9.2 million award in Morgan Keegan’s favor isn’t likely to give parent company Regions Financial much upside as it looks to sell the brokerage firm, experts say.