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BofA director settlement over Merrill triples to $62.5 million: source
(Reuters) – Bank of America Corp directors have reached a $ 62.5 million settlement to resolve investor claims over the bank’s acquisition of Merrill Lynch & Co, a person familiar with the matter said, after a federal judge expressed reservations … Continue reading
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Broker departures accelerate at Merrill Lynch
NEW YORK (Reuters) – At least 50 advisers who managed nearly $ 12 billion in client assets at Merrill Lynch have left the “thundering herd” since January 1, based on moves tracked by Reuters.
Merrill brokers join Raymond James in Tennessee
(Reuters) – Raymond James Financial Inc made its second round of big recruits from Merrill Lynch this year, adding three more advisers from the brokerage unit of Bank of America Corp who managed more…
Headhunters target Merrill advisers as incentives wane
(Reuters) – Recruiters for rivals often woo Merrill Lynch’s army of financial advisers with mixed results. This year, they are more hopeful they can poach top revenue producers — and even entire…