It’s official: Morgan Stanley will pay $2.7 billion to acquire a 51 percent stake in Smith Barney, Morgan Stanley and Citigroup management told Registered Rep. this afternoon. The agreement was signed today. The deal will close in about six...

Despite a $45 billion capital injection from the government in 2008, Citi is in dire enough need of capital that it is planning to spin off its retail brokerage operation, Smith Barney, according to reports, in a joint venture with cross-town...

So much for Citi CEO Vikram Pandit’s endorsement of the universal banking model.

Firms and advisors facing disputes in arbitration will have a tougher time getting the case dismissed thanks to a new dispute resolution rule, FINRA announced today.

Dan Sontag has replaced Robert McCann as head of Merrill Lynch’s brokerage unit.

On Monday, Bob McCann, a popular Merrill veteran who led the firm’s 16,850-person “thundering herd” of brokers, resigned.

We present our annual Outstanding Advisor Awards each May, but we’re always on the lookout for charitably inclined financial advisors.

Merrill Lynch’s retention package rewards high-end advisors rather than team effort.

There have been plenty of arguments against the government bailout of AIG, but religion would appear as an unlikely one.

Merrill Lynch executives Dan Sontag, head of Americas Wealth Management, and John Hogarty, COO, released the 2009 Financial Advisor Comp Plan yesterday afternoon.