John Churchill

UBS Close to Deal With Bob McCann, Reorg Under Way
UBS has stepped up its courtship of former Merrill executive Bob McCann, discussions that began in June, according to a story in the Financial Times. If he is hired, he would replace Marten Hoekstra, head of UBS’s wealth management business in the Americas.
Dan Sontag Departs Merrill Lynch
Much beloved by Merrill financial advisors, Dan Sontag is stepping down as head of Merrill Lynch Global Wealth Management.
Smith Barney Loses Top Executive, CFO Program To Be Rebranded
After just 7 months on the job, Chris di Bonaventura, head of the Citi Family Office group, handed in his resignation, Smith Barney confirmed. The departing exec is joining Fidelity’s Family Office Service Business.
The Anatomy of an Alleged Fraud
The SEC hasn’t yet charged Allen Stanford with a crime, but it would seem the regulator is getting much closer.
Bank of America Q1 Earnings Beat Estimates; Top Financial Advisors Staying Put
BoA first quarter earnings were positive, well, for now. Despite noise of some departures, 95 percent of the firm’s top producers have been retained since Merrill was acquired.
Great Expectations, Disappointing Realities 
These days everyone is suffering. The media has been all over the story of the credit bust, the drop in housing values, the stock market's dive since
If Bank of America Signs Protocol, It’s Business As Usual. If Not, Maybe Not
If Bank of America signs the broker protocol, it will be pretty much business as usual for Merrill advisors, say securities lawyers. But advisors may not know whether BofA will sign it before they have to sign their own retention agreements—by November 14. If the bank is going to sign, some wonder, what is it waiting for?
Merrill Lynch Says Broker Protocol Still Intact, Clarification Forthcoming
Merrill Lynch financial advisors put off by non-compete language in the retention package they received last week—and must now decide whether to sign—are getting assurances from Merrill that it’s not as bad as they think.
Humbled But (Somehow) Triumphant
Rescued by Bank of America from its near-death experience, Merrill Lynch is still managing to set the industry standard
Fiduciary Flap Trips Up CFP Board
The rift in the investment-advisor industry came into sharp focus Tuesday, when the CFP Board announced that it has put off making proposed changes to its Code of Ethics until January 2007 in order to consider the heated reactions of industry members. The flap over the board’s Code of Ethics has been ongoing since the proposed changes were announced in late July. But, really, this is just the latest scuffle in an ongoing battle over the differing legal responsibilities that investment-advisor reps and registered reps have to clients—in other words, over the broker/dealer exemption (a.k.a. the Merrill Lynch rule) and the term fiduciary.
Millions to Choose From
Advisors gunning for millionaire clients now have 1.3 million more prospects to choose from and a blueprint for what they're looking for, according to
Personal Help For Tsunami Victims
Countless contributions have been made for victims of the devastating tsunami that has killed more than 160,000 people. But one UBS advisor provided some
Pru Market-Timing Charges Widen
Massachusetts has charged several brokers with numerous securities violations, and the expectation is that the investigation into mutual fund market timing will only get larger.
Industry Newsletters
Investment Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×