News

You don't expect your doctor to smoke, and you shouldn't see your advisor maxing out his credit card.

The “F” word is a problem in more than just the North America.

Research analyst Dick Bove says BofA management would prefer that outgoing CEO Ken Lewis be reinstated.

A Schwab survey, released this morning, shows 59 percent of financial advisors at major full-service firms like the idea of going independent.

John Thain, former CEO of Merrill Lynch, who commandeered the brokerage firm’s sale to Bank of America and then was axed by BofA CEO Ken Lewis in January, resurfaced to redeem his reputation. According to today’s NY Post, in Thain&...

Bob McCann, chief executive of UBS’ Wealth Management Americas, set out some ambitious targets today for the brokerage’s unit—including turning around client asset flows and boosting capital. He also reiterated his profitability...

Asian stocks have soared this year. Now the average Asian fund sells for a price-earnings multiple of 13, compared to a figure of 10 for European funds, according to Morningstar. Are the highflyers due to crash? Perhaps. But the booming markets of...

Please join me, David Geracioti, editor of Registered Rep. magazine, for a webinar with Barry Ritholtz, the well-known market commentator and editor of The Big Picture. We will discuss his thoughts on the economy and markets and what he thinks...

Yesterday, The New York Post reported that Merrill Lynch advisors are annoyed by Bank of America’s efforts to get them to offer their clients BoA checking accounts, mortgages and other retail-banking products. Today, the Wall Street Journal...

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 about it, say sources.