Practice

The combination of having at least three of the proposed 10 “industry” seats on its expanded board dedicated to nondealer muni advisors, along with the establishment of a council of advisors to bounce ideas off the board, will ensure that advisors are fairly regulated beginning Oct. 1, the Municipal Securities Rulemaking Board is insisting.

Rivals of BofA are expected to wait and see how the Charlotte company's moves sit with the public and with Elizabeth Warren, the special adviser who's setting up the CFPB.

While blacks were still concerned about rising health care costs and tax rates, that concern dropped by 15% since the last study.

There’s a lot of debate right now about whether putting annuities in 401(k) plans is a good idea or not.

The family office sector continues to experience key personnel shifts and increased consolidation.

The company hired Donald Gershuny as a managing director and general counsel, Americas; and Peter Reynolds as a managing director and chief risk officer, Americas.

Bank of America Merrill Lynch said it is forming a Global Futures and Derivatives Clearing Services group ”in anticipation of the substantial growth in OTC derivatives clearing.”

Baird added six wealth management pros, including four advisors, to one of its Colorado office, who bring a combined $450 million in client assets.

The addition to its open technology platform expands independent advisors’ access to third-party providers

To avoid a Lehman Bros. redux, federal regulators must prepare for the next crisis by obtaining blueprints for unwinding the largest financial companies.