Does Merrill Edge, Merrill Lynch’s brokerage, banking and financial advice platform for the mass affluent (those with $100,000 to $250,000 to invest), compete with Merrill Lynch financial advisors? In an interview with the head of Merrill Edge...
Only about one out of every five rookies in the Wall Street brokerage business makes it through year two or three of a four-year training program, according to industry consultant CBM Group. The rest just can’t drum up the clients or take the...
When Lyle LaMothe, former head of retail brokerage Merrill Lynch, stepped down suddenly last May after 20 years at the firm, there were plenty of questions about his departure. He was just 49, but was said to be “retiring” to focus on “personal...
President Barack Obama issued a proposed budget Monday that would give the Securities Exchange Commission an 18.5 percent increase in funding in 2013, raising its total budget to $1.566 billion from this year’s $1.321 billion. But getting that...
What does energy have to do with money? Aside from your monthly electric bill, or the Exxon or PetroChina stocks you may have in your investment portfolio, you might think, not a whole lot. But Chicago wealth manager Julie Murphy Casserly would...
Meet Divesh Makan. If you are a financial adviser, you probably wish you were him right about now. Makan counts as clients top executives at Facebook including founder Mark Zuckerberg, Chief Operating Officer Sheryl Sandberg, and founding...
Estate attorneys are full of creative strategies for protecting your rich clients’ assets from lawsuits. Here’s one they probably haven’t tried: adopting the girlfriend as a daughter...
