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Merrill team with $2.9 billion joins Raymond James
Five advisers in New York bail on Merrill Lynch, the second multibillion-dollar wirehouse team to join RJ in the last five months.
Merrill Lynch team with $700M AUM leaves to launch RIA
An adviser team with $700 million in client assets has left Merrill Lynch to start an independent advisory firm. Ross Fox, Matthew Papazian, Marti Awad and Sarah Keys have launched Cardan Capital Partners in Denver. Cardan is using Dynasty Financial Partners' integrated wealth management services
Merrill Lynch is developing its own robo-adviser
Merrill Lynch has dozens of employees working on a robo-adviser prototype for Merrill Edge that's set to be unveiled next year.
American Funds making inroads with fee-based advisers
In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.
How to build a 401(k) business from scratch
Advisers have poured into defined-contribution territory over the last several years. Before the 2008 recession, approximately 150,000 out of 300,000 active financial advisers were getting paid for services provided to a DC plan, according to figures from The Retirement Advisor University. That
Retirement savings gap between sexes narrows, but women still lag
Lower income, less savings, higher health costs and longer life expectancy contribute to the disparity, but anecdotal and statistical evidence point to a shrinking margin.
Wirehouse recruiting numbers must be more transparent
Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.
Wirehouse metrics reflect different strategies
Newly compiled InvestmentNews research shows how the nation's biggest brokerages rank across four key metrics.
MLPs yield headaches for advisers who bought them for income
Top analysts in the sector see a bear market as investors pumped $10.5 billion into energy funds over the last year.
Krawcheck to advisers: 'Middle-aged white guys' must help women get raises
At Morningstar conference, the former Merrill Lynch boss said gender pay gap is a key obstacle to retirement savings.
Hedge fund specialist SkyBridge pushes back against liquid alts trend
Liquidity, performance concerns and business conflict cause the expanding hedge-fund firm to take a more traditional approach to mutual funds.
RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
Home office investment performance beats advisers': study
Cerulli study suggests quantitative manager selection and staying invested during downturns helps home offices outperform advisers.
Attrition and breakaways have shrunk head counts at wirehouses
Attrition and breakaways have shrunk head counts at wirehouses, threatening the big four firms as they look to keep pace. (Plus: Our full Spotlight on Wirehouses special report)
John Thiel: Learn from the past or lose out in the future
On the wall just inside the door of John Thiel's corner office in downtown Manhattan's World Financial Center hangs a framed handwritten note of encouragement from Daniel P. Tully, Merrill Lynch & Co.'s chairman until 1997. It is written on a printout of one of Mr. Thiel's first major memos to his