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 publicly traded money manager...
As titillating as the facts are in the case of the tabloid star Anna Nicole Smith, the legal issue at its core is what makes Marshall v. Marshall critically important. That's why the U.S. Supreme Court is hearing the case Feb. 28. That's also why...
Merrill Lynch is close to doing what Morgan Stanley could not: Acquire a large stake in BlackRock, the stellar bond funds house, in a deal that would create a $1 trillion money manager.
It’s a funny thing: financial advisors position themselves as professionals, sometimes even comparing themselves to doctors and lawyers in responsibilities. Yet, like working stiffs, they want their overtime too. UBS today said it had agreed...
After more than seven months as Morgan Stanley’s chief executive, John J. Mack named Zoe Cruz and Robert Scully co-presidents. The appointments help clear up an uncertain management picture. The arrival of James Gorman next week as retail...
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 reducing turnover, but may also...
Location State: KY Base Salary: 50-60k Bonus & Incentives: The incentive is based on new recurring fee income and is on a sliding scale in increments of 50,000 once the base has been recovered.. Position Responsibilities: This individual will be...
Location City: Upstate New York Location State: NY Base Salary: $125,000 - $130,000 DOE Bonus & Incentives: Bonus directly tied to goal achievement. Potential to double income. Position Responsibilities: This position will direct the firms custody...
Location City: Kalamazoo Location State: MI Base Salary: $40,000 to $50,000 Position Responsibilities: We are currently searching for a highly motivated analyst to support the firms investment team. The Investment Analyst will assist with stock...