Bank of America plans to add 2,000 new brokers in 2010, mostly trainees. One analyst says Merrill may want these hires to help with BofA’s cross-selling efforts.
Fidelity announced the latest in a series of price cuts Tuesday. But the move has less to do with an ongoing price war between itself and Schwab than with the firm’s decision to eliminate discrepancies between pricing offered to its RIA...
Will the regulatory push for a uniform fiduciary standard die on the vine? Brokers may not be best equipped to predict regulatory outcomes, but most of them do not expect such a standard to be implemented, according to survey results released...
Ameriprise has long been dismissed, by some, as a place for unsophisticated advisors to push proprietary products. A recent change in strategy may challenge that stubborn stereotype.
Family teams are common in the wealth management industry and getting more so. Hiring family members can be an easy solution to finding a trustworthy partner and a successor. But there are drawbacks.
Welcome to the second in our three-part series on making the move to independence. Last month, we discussed how to effectively explore the idea of independence
These days, more and more advisors are considering becoming independent RIAs so they can retain more of what they earn, gain greater control over the products they offer
