Broker-Dealers

Merrill Lynch Grabs A Billion-Dollar Team From Credit Suisse, Not To Mention A $200 Million Wells Fargo Trio

http://iimagelibrary1.advisorproducts.com/images/igallery/original/3801-3900/services_retirement__1004_-3808.jpg
Even advisors with no interest in the wirehouse recruiting wars should pay attention to the success -- or failure -- of Merrill Lynch to shift its talent mix toward the high and low end of the market simultaneously.

Read more ...

LPL Was Not Immune To The Industry's Third-Quarter Slump

http://iimagelibrary1.advisorproducts.com/images/igallery/original/3801-3900/services_investments__1065_-3802.jpg
The biggest independent broker-dealer is winning applause for growing on a year-over-year basis, but August's market disaster knocked a lot of the momentum out of LPL's third-quarter results.

Read more ...

UBS Actually Posts A Profit In The Recent Quarter As Advisor Production Expands

http://iimagelibrary1.advisorproducts.com/images/igallery/original/3701-3800/services_investments__1010_-3747.jpg
Despite massive trading losses, UBS managed to eke out a $1 billion profit last quarter as its advisors worked harder to capture new funds. 

Read more ...

Morgan Keegan Buyer May Get $200 Million In Seller Financing

http://iimagelibrary1.advisorproducts.com/images/igallery/original/3801-3900/services_retirement__1009_-3813.jpg
Regions Bank may be close to a deal to sell independent broker-dealer Morgan Keegan, but is reportedly offering $200 million of its own cash to make it happen.

Read more ...

Morgan Stanley Vows To Keep Shrinking Its Advisor Head Count, But Revenue Hits A Snag

http://iimagelibrary1.advisorproducts.com/images/igallery/original/3601-3700/services_faq__1017_-3673.jpg
While other firms throughout the industry are trying to scale up, Morgan Stanley Smith Barney is still eager to get a little leaner. Maybe just not like this.

Read more ...