Merrill Lynch brokers say that the firm’s announcement today that it will pay analysts based on the accuracy of their forecasts is another "positive step forward" in the company’s quest to...
Savings will be used to boost high-net-worth business. Deutsche Bank Alex. Brown is shuttering four of Southeast branches to devote more resources to its high-net-worth business, a spokesman says. It's in talks to...
With so many brokers chasing gridiron stars, it's surprising that the Twilley/Monger partnership at Merrill Lynch isn't interested in scoring NFL clients. Young athletes, says the practice's Matt Monger, make less...
The SEC is planning to launch an investigation of possible fraud in the $500 billion hedge-fund industry, Chairman Harvey Pitt said today in a speech to the Investment Company Institute. The move comes in the...
Richard Averitt, the new president and CEO of Raymond James, says he wants the firm’s financial advisors to concentrate on doubling their gross production to $500,000.
