Global Wealth Management Unit

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  12 Best & Worst Broker-Dealers: Q2 Earnings

  By Janet Levaux, AdvisorOne  |  August 24, 2012

  Earnings fell as much as 58%, but also jumped over 600% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst.

• Q2 ’12 Wealth Profits Top Year-Ago Results

  By Janet Levaux, AdvisorOne  |  August 23, 2012

  Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.

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  Citi Adds 3 Advisors, $750M to Private Wealth

  By Janet Levaux, AdvisorOne  |  August 2, 2012

  The news comes as Citi and Morgan Stanley dispute the value of their MSSB joint venture and Morgan Stanley continues to drop reps.

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  Morgan Stanley Profit Off 53% as MSSB Loses 1,053 Advisors

  By Joyce Hanson, AdvisorOne  |  July 19, 2012

  The Global Wealth Management Group, which includes the MSSB joint venture, reported a pretax profit margin of 12%, versus 11% in the prior quarter and 9% a year ago.