Industry

BNY Mellon Wealth Management’s recruiting campaign is in full swing. The wealth manager recently hired two senior directors of business development, the latest in a flurry of hires to boost its sales force by 50% by the end of 2014.

The new hires will be responsible for business development and identifying opportunities for expanding the firm’s client base.

Goldman Sachs will replace Bank of America Corp., Visa will replace Hewlett-Packard and Nike will replace Alcoa in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 20.

One of the biggest value adds advisors can provide is being able to pick up on warning signs that a client's family business may be in trouble. Here are six to look out for.

Exclusive: Without any notice, ‘fee-only’ is replaced with ‘none provided’ on CFP holders’ profiles.

Business owners are often so busy with their work they put off personal financial planning and investment decision making.

BNP Paribas Corporate and Investment Banking has made appointments in its Equity Derivatives Business in New York as part of its continued focus on the business in the Americas.

FINRA is pressing ahead with a controversial new rule that would require brokers to make disclosures about recruitment compensation they receive as an enticement to jump to a new firm.

Brokerages from Morgan Stanley to Bank of America Corp.’s Merrill Lynch poach salesmen from one another, offering bonuses based on how much revenue they produce. Now brokers receiving bonuses of at least $100,000 will be required to inform clients.

Exclusive: Widespread abuse of the term raises question of a disciplinary double-standard.