Consumer & Business Banking

• Wirehouses Roll Out ’13 Comp Plans

  By Janet Levaux, AdvisorOne  |  January 23, 2013

  After getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.

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  BofA-Merrill New Comp Plan: Good News, Bad News for Advisors

  By Janet Levaux, AdvisorOne  |  December 17, 2012

  “There is a revision to the bonus plan that could make it actually harder to earn the initial amounts,” said a compensation consultant.

• Q3’12 Earnings

  By Janet Levaux, AdvisorOne  |  November 21, 2012

  Bank of America had net income of $340 million, or $0.00 per share, in the third quarter, compared to $6.2 billion, or $0.56 per share, in the year-ago quarter.

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  BofA Earnings Beats Estimates, but Advisors’ Sales Slow

  By Janet Levaux, AdvisorOne  |  October 17, 2012

  As bank sees plunge in profits from last year's Q3, the number of Merrill Lynch advisors drops by one from the previous quarter to 17,533.