U.S. Trust

• Most Earnings Top Estimates on Mixed Advisor-Headcount News

  By Janet Levaux  |  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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  Barclays Adds 6 Advisors, 2 From BofA

  By Janet Levaux, AdvisorOne  |  October 28, 2011

  Barclays Wealth said Friday that it recently hired six advisors, including one from Merrill Lynch and one from BofA-U.S. Trust in New York, Boston, Dallas and Miami.

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  Q3 Earnings: BofA Tops Estimates as Merrill Boosts Advisor Count

  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.

• Krawcheck Out in BofA Reorg

  By Janet Levaux  |  September 29, 2011

  Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.

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  Schwab’s Clark: Firm Rolling Out Ad Campaign Touting Advisors—Weekend Interview

  By James J. Green, AdvisorOne  |  September 16, 2011

  Bernie Clark of Schwab Advisor Services says custodian will show support for RIAs through multimedia marketing campaign featuring videos of successful advisors.

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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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  Krawcheck Forced Out in BofA Restructuring

  By Janet Levaux, AdvisorOne  |  September 7, 2011

  Bank of America CEO Brian Moynihan said Tuesday that he was reorganizing the bank's management and operating units, removing Sallie Krawcheck as head of the wealth management.

• BofA to Expand Merrill Edge Advisors

  By Janet Levaux, AdvisorOne  |  July 26, 2011

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  Bank of America to Double Size of Merrill Edge Advisor Group

  By Janet Levaux, AdvisorOne  |  June 21, 2011

  The mass-affluent group should have 1,000 advisors by year-end

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  New Hire Roundup: U.S. Trust, Atlantic Trust Add Senior Wealth Managers

  By Joyce Hanson, AdvisorOne  |  March 31, 2011

  U.S. Trust and Atlantic Trust have added new hires to their ranks, bringing on senior managers from some of the most recognized names in wealth management.