Broker-Dealers
Merrill Lynch Boosts Its Advisor Count, But Average Production Still Declined Last Quarter
More mixed signals at Merrill Lynch. Parent company Bank of America's latest earnings reveal that the "thundering herd" is technically growing even though average revenue per rep shrank.
A Few Firms Pull Out Of Broker Recruiting Protocol, But The Real Threat Is More Subtle
The latest round of discussion around the "recruiting protocol" makes the pact between brokerage firms seem like it is deteriorating fast. If so, it could be trouble for would-be breakaway brokers.
Wells Fargo Advisory Revenue Sinks Along With Client Assets
"Economic conditions" kept many key benchmarks under pressure at Wells Fargo's advisory business last quarter.
Sallie Krawcheck Gets $6 Million While Bank Of America Prepares For Holiday Layoffs
Former Merrill Lynch chief Sallie Krawcheck is getting a year of severance pay and a bonus that might be bigger than what she would have earned if she'd stayed.
Merrill Edge On Track With Recruiting Targets
Another wave of hires -- this time on the West Coast -- brings Bank of America's Merrill Edge unit closer to its year-end growth goal.
