Booming stock markets in the last five years saw many RIA firms sell a portion of their future cash flows in return for cash and stock in the acquiring firm. But as the stock market collapses, many RIAs who sold stakes to “roll-up”...
Merrill Lynch executives Dan Sontag, head of Americas Wealth Management, and John Hogarty, COO, released the 2009 Financial Advisor Comp Plan yesterday afternoon.
As Bernard Madoff was being fitted for an electronic ankle bracelet and ordered to stay inside his house, the heat was being turned up on the cop that didn’t catch him: the SEC
Some independent b/ds have already benefitted from the damage done to the reputations of wirehouses in the credit crunch by gaining assets and advisors.
Mark DeCambre and Kaja Whitehouse published a story today in the New York Post titled: “Ex-SEC Boss: Not My Fault,” which opened a window onto the thoughts of those charged with regulating Wall Street.