by Patrick M. Kelly | Sep 5, 2013 | Merril Lynch
Bank of America has announced plans to dissolve Merrill Lynch & Co. as soon as the fourth quarter of this year, but the roughly 14,000 advisors operating in its brokerage division shouldn’t see a name change. Merrill Lynch & Co., the 99-year-old firm...
by Patrick M. Kelly | Jul 22, 2013 | Compensation, Financial Recruiting Industry
“The recruiting deal rubber band has been stretched out as far as it’s going to go, and the reason circles back to advisor demographics.” This prediction, according to Mark Elzweig, who heads a New York-based executive search firm focusing on the asset...
by Patrick M. Kelly | Oct 23, 2012 | Technology
A new app for Facebook, called FutureTimeline, was launched by Fidelity Investments, the first major financial services firm to utilize Facebook’s feature in this way. Hoping to steer the Facebook generation toward its own website, the app allows users to set...
by Patrick M. Kelly | Jul 1, 2011 | Going Independent
It looks like Schwab is not wasting time in opening franchises with independent contractors. In fact, the San Francisco based broker is making five-year deals with dozens of financial advisors, and hopes to have between 5 and 10 opened by year’s end. According to...
