The dismal morale among UBS brokers seems to be improving of late. A number of top financial advisors at the firm say that they are so far very pleased with the leadership of UBS Wealth Management CEO Bob McCann, and...
Playing the local Chinese stock market has always been off limits to foreign investors. But it turns out that doesn’t matter much. Chinese ADRs have lately outperformed the local Shanghai Composite Index...
Wells Fargo financial advisors received their first paychecks last Friday under the firm’s new tax withholding system, which applies a flat rate of 25 percent to all. Many of the firm’s 12,000 financial...
The House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009 by a narrow margin Friday afternoon: 223 votes in favor to 202 against. But it will still be a long time before the...
In her remarks before the Consumer Federation of America Thursday, SEC Chairman Mary Schapiro reiterated her commitment to creating a “strong fiduciary standard” for all securities professionals. She also...
The hunt for offshore account holders continues. The IRS is now trying to obtain the names of individuals who held offshore accounts with indicted financier and former billionaire Allen Stanford, according to a story...
When new regulations are put in place, it will be harder for financial advisors to wear two hats--broker and fiduciary--and there will be a sharper dividing line between product distribution and advice.
Merrill Lynch advisors are usually a pretty happy lot, and that has not changed with the firm's acquisition by Bank of America, which closed on January 1. Respondents still feel they work for the top firm on Wall Str...
It was inevitable. Some of Merrill Lynch’s 15,000 financial advisors are feeling pressure to sell parent company Bank of America’s checking and savings account products—and they’re not happy...
