Turnkey Asset Management
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Q2 Earnings: BofA Posts Big Loss; Merrill Adds Advisors
By Janet LevauxLoss was spurred by mortgage settlement that included Countrywide issues; Merrill Lynch now includes more than 16,240 advisors with average yearly sales of $894,000.
June 22, 2011
Morgan Keegan Agrees to Pay $210M Fine; Could Be Sold by Parent FirmAfter a big fine relating to mortgage-backed securities, Regions Financial brings on Goldman Sachs to explore "strategic alternatives" for the broker-dealer.
June 21, 2011
Bank of America to Double Size of Merrill Edge Advisor GroupThe mass-affluent group should have 1,000 advisors by year-end
June 09, 2011
Morgan Stanley to Fire More Advisors Who UnderperformedThe layoff news comes just three months after a few hundred low-producing FAs were cut from Morgan Stanley Smith Barney.
June 01, 2011
Robert Jenkins to Lead FRCA former Fidelity Investments executive is taking over as president of Financial Research Corp.
June 01, 2011
LPL Posts Strong First-Quarter ProfitsLPL Financial reported first-quarter 2011 profits of $49.0 million, 91.7 percent higher than the $25.6 million in profits it reported a year ago. In addition,…
June 01, 2011
Robert Jenkins to Lead FRCA former Fidelity Investments executive is taking over as president of Financial Research Corp.
June 01, 2011
Waste Disposal Gets ETFWant to add some garbage to your clients’ portfolios? A new ETF called the Global X Waste Management ETF (WSTE) invests in companies involved in…