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Former Citigroup brokers, who wanted courts to dismiss debts the firm said they owed on loans awarded when they were hired, were turned down by a district court judge Friday. But they are planning to appeal that decision.
Today Stifel Financial Corp., the St.Louis-based financial services holding company, said it is buying Thomas Weisel Partners Group, a San Francisco-based investment bank, in a deal valued at more than $300 million
RIA principals are very interested in wirehouse advisors—interested in recruiting them, that is. But that takes some finesse. At this morning’s Schwab Advisor Services workshop for advisors in the New York area, RIA principals and...
Morgan Stanley on Wednesday reported higher-than-expected revenues and profits in the first quarter, lifted by its acquisition last spring of Smith Barney and by higher fixed income.
Merrill Lynch plans to grow primarily by investing in current advisors and hiring rookies, said Merrill Lynch president of Global Wealth and Investment Management Sallie Krawcheck on Tuesday. Her words come as recruiting bonuses are at an all time...
Some financial advisors at UBS Wealth Management Americas, scrambling to stem the outflow of client assets, are seeing signs of hope: The pace of money withdrawals is easing and a core group of FAs is generating net new money for the first time in...
Profits were down last quarter at Merrill Lynch but the brokerage’s performance still helped to lift the fortunes of its new parent, Bank of America Corp. Advisor defections were flat from the end of 2009, but average production declined.
There are big changes ahead in investment products and channels, predicted Tiburon Strategic Advisors Managing Principal Charles “Chip” Roame on Wednesday at the Tiburon CEO Summit in New York City. Low-cost indexed securities will...
LAST UPDATED : April 16, 4:57 p.m. The Securities Exchange Commission sued Goldman Sachs for fraud today in connection with the mortgage-backed collateralized debt obligations (CDOs) it packaged and sold to investors.
Mergers and acquisitions seem to be crawling back to the top of RIA principals’ to-do lists this year, as the first quarter’s numbers show record activity. What is your financial advisory practice worth?