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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 his Nashville, Tenn., office.
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.
New Merrill Lynch comp plan rewards teams
Merrill Lynch will reward teams that double their revenue in the five years after 2013 with a shared payout equal to 10% of the team's incremental revenue growth.
Female Merrill Lynch advisers object to gender bias settlement
A group of women advisers contend that a $39 million payout will actually reinforce policies allegedly tied to gender discrimination.
Merrill Lynch team managing $700M moves to HighTower
A team of Connecticut advisers who manage $700 million for clients has broken away from Merrill Lynch Wealth Management. The Andriole Group, based in Madison, is joining HighTower Advisors. Charles Andriole, the founder, is making the move along with the firm's other principals — Geoffrey G.
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.
Former Merrill Lynch broker banned for stealing $1M from clients
Banned from industry for stealing funds to invest in company, buy condo and pickup
UBS recruits three more teams from Merrill in SoCal
UBS announced Friday that it added three teams to its Newport Beach, Calif., complex who managed $1.63 billion in client assets at Merrill. The advisers' production was not disclosed.
Merrill Lynch prospers as advisers depart
Bank of America Merrill Lynch is doing more with less. The brokerage firm's business unit last quarter delivered $719 million in profit to its parent company, Bank of America Corp., even as the country's largest such firm by assets under management continued a long-term trend of losing financial
Two teams join Wells from rivals
Wells Fargo Advisors LLC has landed two teams of financial advisers managing nearly half a billion dollars in assets, a spokeswoman for the firm said last Monday. Scott Dickerson, Darrell Jones and John Phillips joined the Wells Fargo Advisors branch in Salt Lake City from UBS Wealth Management
Merrill, UBS lure top advisers
Bank of America Merrill Lynch and UBS Wealth Management Americas have hired four high-performing financial advisers, adding to a flurry of adviser movement at top firms after what had been a year of mostly anemic turnover.
BofA Merrill bias settlement goes to once-skeptical judge for approval
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
BofA's Merrill reaches $160M settlement in racial discrimination lawsuit
Merrill Lynch reaches a $160 million settlement over a racial discrimination lawsuit filed by a group of advisers.
BofA combines 2 segments
Bank of America Corp. has combined its retirement-planning and wealth management capabilities.
B-Ds pay $5.25M to settle charges
Wells Fargo Advisors LLC has been ordered by the Financial Industry Regulatory Authority Inc. to pay $3.25 million and Bank of America to pay $2 million for selling unsuitable mutual funds of floating-rate bank loans during the credit crisis.
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