FINRA Issues Guidance about Social Networking
Broker/dealers and their reps confused about regulations regarding social networking might now have some answers.
Tag: Broker/Dealers
Morgan Stanley Smith Barney Ranks as Top Fund Distributor to HNWs
Morgan Stanley Smith Barney was the highest-ranked wirehouse among affluent and high-net-worth (HNW) investors, according to Cogent Research’s list of top fund distributors.
Advisers Rely More on Analysts for Mutual Fund Choices
Financial intermediaries now do more than one-third of their mutual fund business in products recommended from their home office, according to a survey by kasina and Horsesmouth.
McCann Names Former Merrill Exec to Head UBS Advisory Group
Robert McCann, CEO of UBS Wealth Management Americas, has filled out the firm’s leadership team with former Merrill Lynch executives, according to news reports.
Dabbling Out, Specializing In for MSSB Retirement Plan Advisers
As the defined contribution (DC) arena becomes more complex and competitive for financial advisers, Morgan Stanley Smith Barney (MSSB) is focusing its efforts on a lineup of retirement...
Krawcheck Says Pace of Broker Departures Has Slowed
Sallie Krawcheck, head of the global wealth and investment management division at Bank of America (BofA), said reports of brokers leaving in droves are greatly exaggerated, Reuters reported.
Merrill Survey Finds Affluent Americans Rethinking Retirement
Bank of America (BofA) said its latest Merrill Lynch survey of affluent Americans found that almost a third (29%) of non-retired respondents plan to retire later than originally...
SEC Files another Suit against BofA
The Securities and Exchange Commission (SEC) didn’t waste a breath in filing additional charges against Bank of America (BofA).
Judge Rejects New SEC Claims against BofA
A federal judge ruled the U.S. Securities and Exchange Commission (SEC) cannot add new claims to the current case related to Bank of America Corp.’s takeover of Merrill...
Transamerica Bolsters B/D Channel Management Team
Transamerica Retirement Services announced the hiring of Denise Diana as vice president of business development.
Dimensional Fund Advisors Expands Outreach to Independent B/Ds
Dimensional Fund Advisors said it has hired John Blood, formerly with Commonwealth Financial, to lead a new initiative to develop relationships within the broker/dealer community.
Broker, Bank off the Hook for Allegedly Assisting Ponzi Schemer
A federal appeals court overturned a ruling against a bank and a broker accused of helping to keep a Ponzi scheme alive.
National Planning Holdings Names VP of Due Diligence
National Planning Holdings, Inc. (NPH), said it has promoted Brian Sward to vice president of due diligence.
Adviser Team Leaves MSSB to Join Regional Firm
Capital Guardian, LLC, added The Locke-Cassells Group to its Charlotte, North Carolina, office, the company said.
Consultant Claims He Wasn’t Paid for Pension’s Suit against Smith Barney
The self-proclaimed “Sam Spade of Money Management” is taking a former client to court.
practice management
Reflecting on Your Practice
If life were a big card game, being an adviser would be more a game of poker than blackjack; it’s not enough to beat the dealer; you have...
BofA Merrill Introduces Retirement Plan Adviser Designation
Bank of America Merrill Lynch is rolling out internal designation programs for financial advisers specializing in the sales and servicing of corporate defined contribution plans.
BofA Appoints Moynihan as CEO
Brian Moynihan will take over as Bank of America’s (BofA) CEO and president following the retirement of Kenneth Lewis on December 31, the company announced.
BofA Merrill: Economy Will Gather Momentum in 2010
In its annual investment outlook, BofA Merrill Lynch Global Research projected above-consensus GDP growth and a bullish outlook for equities.