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By Janet Levaux, AdvisorOne |
November 23, 2011
Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...
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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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By Janet Levaux, AdvisorOne |
November 16, 2011
Brokerage firms in the third quarter boosted earnings growth as high as nearly 2,200% and reported declines as low as 120% — AdvisorOne selected a lucky 10 to spotlight.
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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.
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By Janet Levaux, AdvisorOne |
November 4, 2011
As more wirehouse reps see the terms of their retention packages end, they are seriously exploring their options, Schwab's Tim Oden says.
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By James J. Green, AdvisorOne |
November 1, 2011
It’s always easier to discern a trend with the use of hindsight. But I believe that the business of independent advice-giving has finally reached a turning point.
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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, AdvisorOne |
October 26, 2011
As firms like Raymond James endeavor to boost the ranks of women in the brokerage business, their executives and advisors say the Sallie Krawcheck story, despite her recent layoff from Bank of America-Merrill Lynch, remains a powerful one. “She has played in the big league at several firms [such as...
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By Janet Levaux, AdvisorOne |
October 18, 2011
Net inflows of client assets were nearly $2 billion in the third quarter for the wealth-management unit vs. outflows of about $2.5 billion last year.
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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.