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Merrill Lynch and Bank of America cultural tension may spin out a new round of breakaways, recruiters say

A big Maine team goes to HighTower; more Merrill brokers in pipeline, says Weissbluth

Thursday, February 24, 2011 – 3:36 PM by Brooke Southall
Admin:
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Ed Simmons has a doctorate from Harvard and a 24-year tenure with Merrill Lynch. He became an RIA on Friday.

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Infamous stockbroker resolves civil suit stemming from violent tirade -- the apparent final chapter in an incident that went viral and forever branded him the 'Fairfield Smoothie Guy'

Broker Jim Iannazzo went all out with high-powered attorneys and slick Las Vegas crisis pr team to limit the damage from his actions, but whether he can ever live down the incident remains to be seen.

September 1, 2022 – 5:11 AM

Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge

The Schwab CEO gets 2016 'Windhaven' hire to share burden of governance from enormity of $8-trillion post-TDA, post-USAA, post-Motif growth.

December 20, 2021 – 11:59 PM

Elliot S. Weissbluth, Hightower Advisors mastermind, cashes out and vacates chairman role as Pershing's ex-CEO Lisa Dolly takes a board seat

The Chicago rollup's founder got paid better by doing the second-stage exit and the new cast on the Board also includes Bob Oros ascending to chair and Darrell Horn of Green Square Wealth Management joining

February 19, 2021 – 8:58 PM

Fidelity Investments loses Kathleen Murphy who largely caught up Fido to Schwab (near $4T) on the retail side by reversing net promoter scores

The 'no whining allowed' leader of the Boston giant's retail business, who oversaw $2 trillion in net new assets, was ready to exit but hung in through a year dominated by COVID-19 challenges

January 23, 2021 – 2:02 AM

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Mentioned in this article:

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

Firstgroup Recruiting Solutions, LLC
Recruiter
Top Executive: Frederic St Laurent Jr

Diamond Consultants
Recruiter
Top Executive: Mindy Diamond




Jeff Spears

Jeff Spears

February 24, 2011 — 4:23 PM

I’ve seen this movie before! When Bank of America acquired my firm, Montgomery Securities, they “played nice’ for the first few years and then they started to treat us like bankers.
My business partner and I wrote a blog about this on September 25, 2008 that continues to generate hits in 2011! In fact the number of hits has spiked recently…hmmm. Not to 4,000 but higher than 50.

http://blogonwealth.blogspot.com/2008/09/its-time-to-learn-more-about-universal.html

Chris

Chris

February 24, 2011 — 4:30 PM

Brooke-great to see coverage in the Portland area. Keep up the great work.

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