Displaying 2261 results
BofA may dissolve Merrill Lynch
The move could happen as early as the fourth quarter. How could this impact its thundering herd of advisers and brokers?
UBS to pay $50 million to settle SEC claim
Regulator says firm misrepresented parts of a CDO deal, making disclosures false.
UBS sweetens incentives for targeting wealthier clients
Next year, the wirehouse will increase expense accounts and other incentives to help advisers attract clients with the most money to invest.
Wells Fargo brokerage head Mary Mack nudges advisers away from stock picks
Mary Mack, Wells Fargo & Co.'s new brokerage chief, plans to put more retail clients into managed accounts as the largest U.S. firms nudge advisers away from picking individual stocks.
Wealth management helps drive Wells Fargo third quarter
Market performance, money flows push Wells Fargo Advisors' assets to record.
Prepping Janet Yellen for the hot seat
Plus: Elizabeth Warren vs. Wall Street, emerging markets see downside of credit boom, and the realities of alternative energy investments. All in Breakfast with Benjamin.
UBS sees turnaround in wealth management boosting profit
UBS AG, the world's largest wealth manager, said clients are shifting money to be managed directly by the bank or pay for advice in a reversal of previous outflows after it revamped services to boost profitability.
Fast and Furious and…wealth management?
The driver of the car that killed actor Paul Walker was a Merrill Lynch wealth manager and had been named a top adviser in 2010, 2011 and 2012.
BNY Mellon to sell Wall Street headquarters
Bank of New York Mellon Corp. plans to sell Manhattan's 1 Wall St., the Art Deco skyscraper that serves as its corporate headquarters, and has hired brokers to find a smaller amount of space to lease elsewhere.
Finra board eyes raising arb fees to increase arbitrator pay
Finra is considering raising the fees related to pursuing an arbitration claim against a brokerage firm in order to increase the pay for people who hear the cases.
Driver in celebrity death crash was Merrill Lynch adviser
Roger W. Rodas was in actor Paul Walker's car; firm “deeply saddened” by loss.
Why wirehouse advisers should become an RIA
Bill Schwartz, an independent adviser who broke away from Merrill Lynch, says he understands why advisers stayed at wirehouses five or 10 years ago. But today, the game has changed.
Merrill grapples with ‘the elephant in the room’
New research into the complexities of Americans' financial lives is driving Merrill Lynch Wealth Management to change the way its advisers work with clients.
Broker who took the bull by the horns
“I’ll give you as much time as you want,” George McReynolds drawled, leaning back in a chair in…
3 wirehouses raise stakes to court rich
Three of the four wirehouses have announced tweaks to their adviser pay packages and incentives, with their sights set on courting the wealthiest clients.
Changes expected as Finra weighs controversial broker-comp rule
Wirehouses largely back recruiting incentive regulation but IBDs oppose it.
Cogent: Two-thirds of industry compensation to be fee-based by 2015
In a bad omen for the mutual fund industry, the shift toward fee-based compensation is expected to accelerate over the next two years, a new report finds. Who's pushing the trend?
BofA settles municipal derivatives-rigging claims
Deal is on top of $62.5 million the bank contributed to settlement fund.
Look out below: T. Rowe Price warns of correction in the New Year
Today's Breakfast with Benjamin: T. Rowe Price warns of correction, Deutsche Bank bans chat rooms, the first-ever hedge fund ad debuts, big banks sweating over the looming Volcker rule, and EU Commission levies heavy fine for rate rigging.
UBS targets African wealthy
The world's biggest wealth manager, is targeting millionaire clients in oil-rich Nigeria and Angola as Swiss rival Credit Suisse Group AG withdraws from some African markets.
