Richard Bove

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  BofA Moves to Issue 400M Shares as Stock Weakens

  By Janet Levaux, AdvisorOne  |  November 4, 2011

  Bank of America said Thursday that it might issue 400 million new shares and disclosed plans to exchange preferred securities for a total of $6 billion of common shares and debt, despite repeated statements by CEO Brian Moynihan that it would not issue new shares.

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  BofA to Slash 30,000 Jobs, $5 Billion a Year in Costs

  By Janet Levaux, AdvisorOne  |  September 12, 2011

  BofA's restructuring comes six days after Sallie Krawcheck was let go as head of wealth management, but company says it will continue to hire FAs.

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  Hassell Takes BNY Mellon Reins as CEO Kelly Steps Down

  By James J. Green, AdvisorOne, Marlene Y. Satter, AdvisorOne  |  September 1, 2011

  Long-time veteran will succeed Kelly following management differences with board

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  BNY Mellon Pushes Out CEO Kelly

  By Marlene Y. Satter, AdvisorOne  |  September 1, 2011

  Bank of New York Mellon delivered surprise news late Wednesday with the announcement that Chairman and CEO Robert P. Kelly has left after reported disagreements over the way he has run the company.

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  The New Wirehouse World

  By Janet Levaux, AdvisorOne  |  May 1, 2011

• Morgan Stanley Still Dominates in FA Count; Merrill and UBS Lead in Fees, Assets per Rep

  By Janet Levaux, AdvisorOne  |  September 1, 2010

  The number of Morgan Stanley financial advisors -- including those involved in the joint venture with Smith Barney -- fell by about 50 to 18,087...

• Bank of America Profits Fall as Merrill Boosts Advisor Headcount, Fees & Income in Q2

  By Janet Levaux, AdvisorOne  |  July 16, 2010

  Merrill Lynch has 15,142 financial advisors vs. 15,005 in the previous quarter and 15,008 a year ago.

• In Financial Reform Bill, Marketplace Winners and Losers

  By Joyce Hanson, AdvisorOne  |  July 15, 2010

  Early market reaction to the financial services reform bill, which the Senate passed, 60-39, on Thursday, July 15.

• LPL Financial's IPO: Market Overview

  By Joyce Hanson, AdvisorOne  |  June 7, 2010

  From an overall market perspective, LPL Investment Holding Inc.'s $600 million listing arrives during a period of volatility, with a boomlet of financial services IPOs in the first four months of 2010 followed by a steep fall-off in May.

• LPL Financial IPO: Stock Market Overview

  By Joyce Hanson, AdvisorOne  |  June 7, 2010

  The number of IPOs so far has surged, comparing favorably to 2007's rate