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By Janet Levaux |
November 23, 2011
Recruiters say the departure of Harvey Kadden and his colleagues from Merrill should send a strong warning to Bank of America-Merrill Lynch — either improve the relationship between the bank management and FAs or watch more wealth managers depart.
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By Janet Levaux, AdvisorOne |
October 26, 2011
Following Krawcheck’s departure, the group of five veteran advisors led by Harvey Kadden decided to leave, too, sources say. Recruiters says departure sends a strong warning to B of A-Merrill.
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By Janet Levaux |
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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By Janet Levaux |
October 10, 2011
A recent ruling by a judge overturning a $9.2 million award in Morgan Keegan’s favor isn’t likely to give parent company Regions Financial much upside as it looks to sell the brokerage firm, experts say.
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By Janet Levaux, AdvisorOne |
March 1, 2009
While fierce speculation continues about the future of UBS' U.S. wealth-management operations, the Swiss-based firm added 274 advisors in the fourth quarter of 2008 and...
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By Ellen Uzelac |
October 1, 2008
Wall Street's ugly industry stumbles will likely result in a stream of broker defections next year as advisors seek to distance themselves from sullied firms...
