McCann Upbeat about Brokers; Hoping for One Set of Rules
He believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.
LPL Financial's Casady and Edward Jones' Jim Weddle Join FINRA Board
The Financial Industry Regulatory Authority (FINRA) of Washington, D.C., says that two new large-firm representatives have been elected to its board of governors, while a...
Bob McCann Bids Merrill Adieu
Robert McCann has left his post as head of Merrill Lynch's wealth-management division now that its merger with Bank of America has been completed. McCann, 50,...
McCann Bids Merrill Adieu
McCann, 50, is a 26-year Merrill veteran. He recently led the New York company's 16,850-member brokerage force as vice chairman and president of global wealth management. But, according to several new
Bank of America, Merrill Seal the Deal
Wirehouse BDs BofA, Merrill Seal the Deal Bank of America and Merrill Lynch shareholders have approved BofA's purchase of Merrill. And, according to Merrill Lynch, the vast...
Executive Shifts, Write-Downs Continue
Just weeks after the departure of former Merrill Lynch CEO Stan O'Neal, news reports have circulated that Mac Gardner, head of global wealth management for...
Merrill CEO Pay Hits $48 million as Firm Buys First Republic
Just as the peak in oil prices and earnings drew politicians' attention in 2006, Wall Street pay packages appear to be doing the same in...