News

Now that its parent has announced plans to sell off portions of itself, the AIG Advisor Group is looking for a new home.

Merrill Lynch financial advisors are worried about one paragraph in the retention contract they received last Friday, October 24—very worried.

Bank of America and Merrill Lynch released retention bonus plans for their financial advisors on Friday and both send a consistent message to financial advisors: If you’re a top producer, we want you to stay. (Click here for the Merrill...

The long-awaited Merrill Lynch retention package has arrived. Not surprisingly, top producers will probably be pleased, but others may not...

Wachovia financial advisors don’t have a great story to tell their reportedly fed-up clients today.

Raymond James Financial net income ($49 million) fell by 22 percent in its fiscal fourth quarter, ended September 30.

Merrill Lynch reported its fifth straight quarterly loss today.

Charles Schwab reported a slight drop in its third quarter earnings today, but excluding the sale of U.S. Trust in the year-ago quarter, results are mostly flat versus last year—which is an achievement considering the market environment.

Morgan Stanley eased investor worries about its future today, closing on its $9-billion deal with Mitsubishi UFJ Financial Group.

Wells Fargo emerged the victor in the battle for Wachovia after Citi was left at the altar.