Rick Peterson & Associates

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  Merrill Reinvents Training; Clearing Firms Get Social: April Research—Slideshow

  By Editorial Staff  |  April 1, 2013

  The cover story of the April issue of Research takes an in-depth look at Merrill Lynch Wealth Management's revamped training program. A feature article examines the clearing industry's efforts to move beyond its traditional transaction focus.

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  Merrill Bulks Up Training

  By Ellen Uzelac  |  April 1, 2013

  In a bold bid to boost performance, Merrill Lynch Wealth Management has re-engineered its iconic training program.

• BofA to Pay $2.4B

  By Janet Levaux, AdvisorOne  |  October 24, 2012

  Bank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.

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  BofA Settles Merrill Purchase Suit for $2.43 Billion

  By Janet Levaux, AdvisorOne  |  September 28, 2012

  The deal resolves a long-standing dispute, but should not have much impact on the firm's advisors, experts say.

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  Raymond James Loses a $200M Rep, but Keeps 90% of MK Advisors

  By Janet Levaux, AdvisorOne  |  July 27, 2012

  One recruiter says he is quite "surprised" at the retention level given the competitive compensation environment. Private Client Group President Tash Elwyn was upbeat about the firm's retention efforts.

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  Recruiting Wars for Teams Heat Up

  By Janet Levaux, AdvisorOne  |  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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  $1B Merrill Team in New York Jumps to Morgan Stanley

  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.

• 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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  Morgan Keegan Court Victory May Actually Be ‘Enormous Defeat,’ Recruiter Says

  By Janet Levaux, AdvisorOne  |  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.

• UBS Taps Top FAs in Texas, Shores Up U.S. Wealth Management

  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...