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Registered Rep.
October 1, 2004
Will Leitch |
Concerns Abound for Industry Growth Profits for brokerage firms dropped 61.2 percent from the second quarter of 2003, from $7.7 billion to $2.98 billion. That's also a staggering 60.7 percent below the first quarter of 2004, which notched $7.6 billion.   |
Registered Rep.
June 15, 2004
John Churchill |
Wall Street's Profits, Jobs, Compensation Are On the Rise Wall Street had its third best year ever in 2003, and 2004 is shaping up to be at least as good, according to the Securities Industry Association. |
Registered Rep.
December 10, 2003
David A. Gaffen |
Securities Revenues Fall in Third Quarter Securities firms showed profits of $3.0 billion in the third quarter of 2003, a 45 percent decline from the second quarter, according to the Securities Industry Association. A significant drop in trading revenue was responsible for the profit hit. |
Registered Rep.
November 1, 2006
John Churchill |
Earnings Hangover Predicted in 2007 With only a month left in 2006, Wall Street's second-most profitable year ever, celebrants might be wise to party hard and sober up fast -- the earnings forecast for 2007 is a substantial 23% lower. |
Registered Rep.
November 1, 2004
John Churchill |
Shaky Third Quarter Gives Advisors Pause The last quarter hasn't been great for retail brokerages. Low trading activity and geopolitical uncertainty kept investors on the sidelines, and advisors are feeling the pinch. |
Registered Rep.
March 1, 2005
John Churchill |
Earnings Forecast: Clouds Give Way to Sun The past year's earnings troubles belie the brokerage industry's sunny prospects for 2005. For advisors, the industry's recent troubles have translated into fewer jobs, but many firms are recruiting aggressively again. |
Entrepreneur
November 2007
Rosalind Resnick |
Getting a Margin Loan Securing a margin loan can mean quick cash for startup, but it doesn't come without risk. |
Registered Rep.
October 20, 2005
John Churchill |
Merrill Call Center Under Microscope The financial firm's brokerage call centers, its service centers for less complicated and less profitable accounts, are under investigation by the NASD for past improprieties. |
Registered Rep.
September 3, 2002 |
SIA: Sky Has Fallen, Recovery in 2003? According to the Securities Industry Association's recent report, the securities industry's profits continue to dive. |
The Motley Fool
January 10, 2006
Selena Maranjian |
Brokers' Booming Business A new survey shows Americans clearly understand the benefits and value of investing in equities to reach their long-term financial goals. |
The Motley Fool
August 8, 2006
Selena Maranjian |
Business Booming for Brokerages There's another way to make money off brokerages -- by investing in them. In recent months, business has been brisk at many brokerages, judging by quarterly reports. |
The Motley Fool
March 5, 2007
Selena Maranjian |
Is Your Brokerage Insured? Brokerage firms are required to become members of the Securities Investor Protection Corporation. Is yours insured? |
Registered Rep.
February 1, 2005 |
By the Numbers Top 10 Broker/Dealers, by Advisor Headcount: Merrill Lynch... Wachovia... Smith Barney... Morgan Stanley... etc. |
Registered Rep.
July 24, 2006
John Churchill |
Despite Increased Competition, Rep Comp Stays Strong The brokerage industry is an increasingly difficult job market to break into, and an even harder one to stay around in. But for those who succeed, it continues to provide a pretty nice living, according to the SIA's 2005 Production and Earnings Survey. |
On Wall Street
April 1, 2010
Howard J. Stock |
Back Office Move Has Advisors Up In Arms -- Some Bolt Questions surround what will happen to BAI clients when Merrill moves their accounts from National Financial to Merrill Lynch. |
BusinessWeek
February 23, 2004
Berner & Arndt |
The Best Gains In 31 Years Companies in 2003 posted the highest profit surge in Scoreboard history as the economy rebounds. |
Registered Rep.
April 16, 2010
Jerry Gleeson |
Merrill Advisor Defections Flat In Q1, Profit Falls Profits were down last quarter at Merrill Lynch but the brokerage's performance still helped to lift the fortunes of its new parent, Bank of America Corp. |
The Motley Fool
July 19, 2006
Selena Maranjian |
Find the Right Broker When it comes to handling your investments, one size doesn't fit all. Shop around. |
BusinessWeek
November 19, 2007
Anne Tergesen |
Should You Buy from an Adviser? Brokerage firms may have incentives to push securities in their inventories. |
The Motley Fool
August 11, 2006
Selena Maranjian |
Going for Brokers Switching brokers can be an easy (and thrifty) move. |
Registered Rep.
January 1, 2007
Halah Touryalai |
Riding High It was a fine year for brokerage firms -- especially their stocks. No one came up bigger than Goldman Sachs and Morgan Stanley in terms of percentage gains. |
Registered Rep.
February 2, 2006
Kristen French |
Brokers Learning to Play by New Rules It's no longer business as usual on Wall Street. Starting yesterday, broker/dealers must follow a new SEC rule that requires them to disclose at certain times that they may not be acting in their clients' best interest. |
The Motley Fool
May 20, 2004
Tim Beyers |
American Express Unit in Scandal The broker could be a target of a regulatory inquiry into mutual funds revenue-sharing. How can you tell if your own broker or advisor has a conflict of interest? |
Financial Planning
March 1, 2007
Mike Suppappola |
Compliance Tips New Soft Dollar Rules: Is Your Firm Ready? |
The Motley Fool
November 14, 2006
Selena Maranjian |
How Steep Are Some Brokerage Fees? Investors, make sure you do your homework before you choose a broker. |
Registered Rep.
November 1, 2005
John Churchill |
The Money Squeeze There's one thing that stands between the big retail brokerage firms and the high profit margins that the executives of these firms and their investors seek: the financial advisor. |
Registered Rep.
July 20, 2005
John Churchill |
Wall Street's Second-Quarter Results: It Could Have Been Worse The big financial services players have released their second-quarter earnings, and most private client divisions didn't do as badly as analysts were expecting -- thanks, in part, to an improving equity market. Charles Schwab... Merrill Lynch... etc. |
The Motley Fool
June 24, 2010
Rick Aristotle Munarriz |
You're Too Late, Merrill Bank of America's Merrill Lynch is diving into the online discount brokerage game, maybe too late. |
Registered Rep.
October 30, 2003 |
Merrill CEO: We're Hiring Stan O'Neal, chairman and chief executive officer of Merrill Lynch, says the company is accelerating its hiring of financial advisors. |
Registered Rep.
November 6, 2008 |
Bank Of America To Sign Protocol, Herd Still Weighing Options Bank of America intends to sign the so-called "broker protocol," an agreement signed by most of the brokerage firms and RIAs stipulating what client information is acceptable for a departing financial advisor to take without getting sued by the former employer. But when? |
Registered Rep.
January 13, 2003
Gaffen & Geracioti |
Wachovia-Prudential: For Real This Time? Can you say Pru-chovia? Prudential Securities and Wachovia Securities are very close to an agreement to join forces, one that was scuttled earlier in the year, reportedly due to differences in who would control the unit. |
Registered Rep.
March 4, 2009
David A. Geracioti |
The Conflicts of Interest in Not Being a Fiduciary; Hang Charlie Merrill In Effigy? At least one commentator is calling for Charlie Merrill to be hung in effigy for creating the modern-day, hard-charging, sales-oriented brokerage called Merrill Lynch. |
Registered Rep.
April 6, 2005
John Churchill |
SEC Adopts Broker-Dealer Exemption Over the vociferous objections of fee-only financial planners, the SEC voted unanimously to permanently adopt the broker/dealer exemption rule, formerly known as the Merrill Lynch exemption. |
Registered Rep.
November 9, 2009
Kristen French |
BofA Pressures Merrill FAs To Sell Bank Products Some of Merrill Lynch's 15,000 financial advisors are feeling pressure to sell parent company Bank of America's checking and savings account products -- and they're not happy about it. |
Registered Rep.
January 1, 2003
Gaffen & Geracioti |
The Future of the Industry The broker has to be a person who can handle every aspect of a client's financial life. The broker must evolve into a kind of chief financial officer for the client -- managing everything from investments to insurance to estate planning to mortgage banking. |
BusinessWeek
February 9, 2004
Stanley Holmes |
Corporate Profits Roar If corporate profits are any indication, the economy is on a tear. Thanks to a happy collision of low interest rates, tax cuts, and an export-boosting weak dollar, U.S. companies posted the strongest quarterly profit growth since 1993. |
Registered Rep.
September 5, 2006
John Churchill |
Brokerage Stocks Strong, But For How Long? The New York Stock Exchange released second-quarter 2006 earnings data showing significant aggregate increases in revenues and profits for member firms today. But is the party winding down for brokerage firms? |
The Motley Fool
November 7, 2006
Dan Caplinger |
When Your Advisor Quits Facing the retirement of a trusted financial advisor can be traumatic. By remaining objective and cautious during your transition to a new advisor, you can take steps to ensure that you will continue to receive the good advice you've come to expect. |
Registered Rep.
January 19, 2006 |
Is Supreme Court Leaning Towards a Decision Against Broker? The Supreme Court heard arguments yesterday in connection with a suit by a former Merrill Lynch broker against the nation's largest brokerage firm, and the early reaction to the hearing is that this time Goliath won. |
Investment Advisor
November 2009
Kathleen M. McBride |
Merrill's Big Plans The importance of culture at the organization is what Sallie Krawcheck spoke of at her first press conference as president of Global Wealth Management & Investment Management at Bank of America Merrill Lynch. |
Registered Rep.
January 28, 2009 |
Merrill Cuts Trainees Let the penny pinching commence! Merrill Lynch's training program took a hit yesterday as many of its trainees were shown the door. |
Registered Rep.
July 30, 2003
Will Leitch |
Securities Industry Registers Slight Employment Uptick Securities firms have begun adding employees again, according to statistics from the Securities Industry Association and the Labor Dept. |
Registered Rep.
March 28, 2008
David A. Geracioti |
More Trouble In Auction-Rate Securities Land The State of Massachusetts Secretary of State is investigating the sales practices of auction-rate securities, to learn how these securities are presented to individual clients in the state. |
BusinessWeek
August 16, 2004
Stephanie Anderson Forest |
Streaking Past Expectations Soaring profits bolster second-quarter earnings. Gains were especially notable in energy; the reinvigorated information technology sector; and among basic materials producers, which benefited from strong international demand. |
Registered Rep.
February 1, 2006
Kristen French |
Both Sides Now Brokers who hold dual licenses -- both the Series 7 and Series 65 licenses -- will have to take fiduciary responsibility on some accounts. But they can also sell investments, after they make it crystal clear that they're doing so. |
On Wall Street
September 1, 2009
Helen Kearney |
On Life Support a Year Ago, Merrill Pays for Top Producers Merrill, under BofA, seems to be on the hunt to add to its ranks, and it's offering a very competitive package that has almost unlimited upside for top producers. |
Wall Street & Technology
January 5, 2006 |
Workforce Diversification Diversity continues to grow within the securities industry, where women and minorities represent an increasing portion of the workforce, according to a recent study. |
Registered Rep.
October 2, 2008 |
Thain Gets a Job at Bank of America Merrill Lynch CEO John Thain has accepted an offer to be president of Global Banking, Securities and Wealth Management at Bank of America. |
BusinessWeek
May 17, 2004
Dean Foust |
Higher Rates? No Problem Even if rates rise sharply, analysts say it's unlikely that corporate profits will tank over the next year. |
BusinessWeek
November 8, 2004
Stephanie Anderson Forest |
Profits: A Chill in the Air For six straight quarters, Corporate America logged profit gains of 20% or more; in the second quarter alone, earnings rose a jaunty 41%. But amid growing economic headwinds, supercharged profits look to be about to end. |
