Tag:
Top Producers
Latest Headlines
Latest Headlines
Krawcheck dispels some Merrill Lynch myths
Sallie Krawcheck, president of Global Wealth and Investment Management at Bank of America, would like to set the record straight when it comes to Merrill Lynch, perhaps the Big Daddy of all wirehouses. The brokerage is not hemorrhaging top producers to independents, like LPL.
In fact, she unde
More brokers flee the wirehouses
Are wirehouse brokerage firms doomed? Let's just say they are finding it hard to hang on to their top brokers. We've noted before that top producers are continuing to be recruited by independents, and despite some rules that make it hard to switch, more top producers are doing so.
This is bad
More on broker bonuses at top firms
The anger over executive bonuses at top Wall Street firms may not apply to broker bonuses. I think we have to allow banks to conduct business as usual to some degree. If a broker generates millions in revenue, you can make a case that he or she is deserving of a bonus. While money is fungible, we'
Another round coming in the broker wars?
When Bank of America bought Merrill Lynch's Thundering Herd, it had to work hard to retain the top producers. In the end, it did an enviable job. Right now, Smith Barney brokers, the big producers anyway, may know they are holding a strong hand. Morgan Stanley will be faced with demonstrating to i
Bank of America's Merrill Lynch conundrum
If you take a look at the package that Bank of America is offering Merrill Lynch brokers, it's clear that it is mainly interested in keeping the really top producers--the big bulls in the Thundering Herd, the ones generating more than a million in commissions. Incentives for the lesser ones are no
