Merrill curtails expensive signing bonuses for veterans, pilots program to hire early-career brokers who are paid primarily through salaries rather than revenue-based payouts.
Will permit customers to buy and sell certificates of deposit, hold cash in IRAs after fiduciary rule takes effect and, if rich enough, buy hedge funds and private equity investments after DOL rule becomes effective next month.
Chicago adviser faces 20 years in prison.
Executive lost his New York Metro division post a month ago when Andy Sieg reorganized Merrill’s national sales structure.
A 25-year veteran of a St. Paul, Minn., office borrowed almost $9 million over 15 years on muni bond funds pre-pledged to Merrill; partner also leaves office.
Thundering Herd lost net 89 advisors in first quarter but its force of 14,548 is up by 70 compared with March 31, 2016.
Head of San Francisco team who had been with her former firm since 2001 was dismissed for “misuse of telephone caller identification information.”
Leon Friedlander, a Venezuelan native who lives in Florida, jumps three weeks after Morgan Stanley promoted him to managing director.