Career moves

Could the collapsed bank's advisors who are now at the Wall Street giant become a 'red-headed stepchild'?

As the head of nationals sales, Simmons will oversee the firm's recruiting efforts.

The case is the latest arbitration decision showing risks advisors run when they jump ship and think they can take investors with them.

The banking giant plans to put all asset managers through training in Python programming language, whether they 'like it or not.'

The moves come as Merrill seeks to integrate more with parent company Bank of America.

Although most advisors and brokers see both pros and cons to operating outside the office, few are ready to abandon their new schedules.

After around 14 years at the helm, Gorman will transition to executive chairman and his successor will be one of three internal candidates.

But the firms continue to close faster than new ones open, suggesting consolidation remains an industry trend.

The banking giant's asset and wealth management arm boasts more than $4.3 trillion of client assets.

In letters to the FTC, financial planners contend that noncompetition and nonsolicitation provisions can leave them 'handcuffed' to bad firms.