The chairman of fund complex MFS Investment Management is calling for the formation of a task force to overhaul performance reporting for hedge funds. In a keynote address today to the National Investment Company...
Merrill Lynch has agreed to merge its asset-management business with BlackRock in exchange for a nearly 50 percent stake in money manager, the two companies said Wednesday. The move recasts BlackRock as the largest...
Merrill Lynch has changed the way it pays its brokers to include more deferred compensation and less cash. The new package rewards brokers who stay a long time, while penalizing those that don’t. Its aim is...
The NYSE’s regulatory unit, the New York Stock Exchange Regulation, introduced on Tuesday a new Web-based educational tool for brokers, that is aimed at reducing the number of enforcement actions.
More wealthy investors are seeking financial advice from full-service brokers, who, after losing half their market share in recent years, are now staging a spirited comeback.
The biggest brokerage businesses are showing that even in a modest market upswing they now have in place a strategy for delivering stronger and steadier sales and earnings growth. With the release of their firms'...
If you thought you had it bad calls unreturned, prospective clients canceling meetings pity the mutual fund wholesaler. First, many more are out of work than just a few years ago and, on average, they are earning less...
