After wealth unit reports record profit, James Gorman says Fed needn’t worry that firm will alter revenue-based broker payout model.
Bank of America-owned firm lowers barrier for brokers to meet bank-product sales bonus after they complained of being stretched in too many directions.
Indiana-based independent firm run by ex-Merrill regional director hires second Merrill recruit in two weeks.
RSA Group led by Neil Rubenstein and James Sandfort is first in Texas for Greg Fleming’s family office venture, comes same day as Merrill lost $736,000 producer in New York to Morgan Stanley.
Million-dollar team in Illinois shifts to rival wirehouse in relatively rare move.
At least five brokers in four states have migrated to Wells in recent weeks as it bulks up deals to replenish its salesforce.