Merrill

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  BofA to Sell Merrill’s Foreign Wealth Units, Report Says

  By Janet Levaux, AdvisorOne  |  April 18, 2012

  BofA is trying to raise $3 billion through the overseas sale, according to Reuters, but that could lead to some flight among U.S. advisors.

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  Merrill Adds Putnam to Retirement-Plan Suite

  By Janet Levaux, AdvisorOne  |  February 15, 2012

  According to BofA, some 2,300 Merrill Lynch advisors sell defined-contribution plans, which now have about $26.5 billion in assets.

• McCann Is Top UBS Americas Exec

  By Janet Levaux, AdvisorOne  |  December 26, 2011

  UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.

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  Outlook 2012: Equities–Top 5 Trade Ideas for the New Year

  By Joyce Hanson, AdvisorOne  |  December 21, 2011

  Here’s what the experts are saying about the investment outlook for stocks in 2012.

• Merrill Boosting Edge FSA Force

  By Janet Levaux, AdvisorOne  |  November 23, 2011

  BofA-Merrill added 27 Merrill Edge financial solutions advisors in Atlanta; Charlotte, N.C.; and Nashville and other nearby cities to its mass-affluent platform in late October. The bank says it is on track to nearly double the number of FSAs in branches and call centers to more than 1,000 by the...

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  Big U.S. Banks Are ‘Uninvestable,’ Say Industry Insiders at SIFMA Meeting

  By Joyce Hanson, AdvisorOne  |  November 8, 2011

  Industry insiders criticized big U.S. banks as being “uninvestable” on Tuesday at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in New York.

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  Krawcheck at SIFMA: Wall St. Must Shift Its ‘Culture of Crisis’

  By Janet Levaux, AdvisorOne  |  November 8, 2011

  The wealth-management business also needs to do more to attract younger investors, as well as female advisors and managers.

• UBS Sees Leaders Exit, Expects Profit

  By Janet Levaux, AdvisorOne  |  October 26, 2011

  UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...

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  Krawcheck’s $6 Million BofA Payday: ‘Win Win,’ Expert Tells AdvisorOne

  By Janet Levaux, AdvisorOne  |  October 13, 2011

  The severance package for Sallie Krawcheck, the former head of Merrill Lynch, includes a one-time payment of $5.15 million and $850,000 in payments to be spread out over the next year.

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  BofA Adds 80 Advisors to Merrill Edge

  By Melanie Waddell, AdvisorOne  |  October 12, 2011

  Continuing its plan to nearly double the number of Financial Solutions Advisors serving mass affluent clients by year-end to 1,000, BofA announced Wednesday that it hired more than 80 FSAs across the metro Northwest region.