On Wall Street

NEWS

• TD Ameritrade Shuffles Executive Team

  February 6, 2012

  TD Ameritrade Holding Corporation has named Tom Bradley its new president of retail distribution. Bradley was previously president of TD Ameritrade Institutional, the unit of the firm that serves independent advisors.

• UBS Takes In Six New Advisors In Hiring Spree

  February 6, 2012

  UBS Wealth Management Americas has hired six new financial advisors including one Merrill Lynch team previously produced $4 million and oversaw $750 million in client assets.

• Divorce Rates Drop, But Need For Advice Remains

  February 6, 2012

  Declining rates notwithstanding, divorce will always be an issue to contend with among high-net-worth clients.

• Former Merrill Lynch Team Launches As RIA Firm

  February 6, 2012

  A regional team of former representatives at Bank of America Merrill Lynch have launched their own independent advisory firm, affiliated with Focus Financial Partners.

• When Hedge Funds and Mutual Funds Collide

  February 6, 2012

  Hatteras Funds CEO Brian Jacobs predicts there will be an increasing convergence between the mutual fund and hedge fund worlds as more companies seek to offer hedge fund strategies to mass-market investors.

• Order Book: Facing Up to Facebook

  February 6, 2012

  It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

• 50 Funds Will Have Facebook Shares

  February 6, 2012

  Morningstar research finds that 50 mutual funds have stakes in Facebook. Here’s who has them.

• UBS Taps Big Data to Shrink Reputational Risk

  February 6, 2012

  UBS is expanding its compliance database to include information on environmental and social risks, which will be applied to companies, prospective sourcing partners and investment clients to ferret out controversy that could impact the bank's reputation and financial performance.

• Asked and Answered: Deena Katz on Preparing to Lead Your Firm

  February 6, 2012

  Succession planning is on a lot of advisors' minds right now. But it's not only owners who need to prepare for succession — employees also need to get ready. Financial Planning talked to Deena Katz, chairwoman of Evensky & Katz and associate professor of personal financial planning at Texas Tech, about her thoughts on this topic.

• Wealth Management Firms See Social Media Influence Growing

  February 3, 2012

  Wealth management firms are still gradually introducing their financial advisor forces to social media, but three years from now they fully expect the new medium to have fully taken hold in the industry.

• Wealth Watch: Facing Up to Facebook

  February 3, 2012

  It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

• BofA Merrill Lynch Sees Increased 401(k) Savings in Q4 and 2011

  February 3, 2012

  Bank of America Merrill Lynch said that it saw increased 401(k) savings through its plan sponsors both in the fourth quarter and 2011 year, signaling a positive outlook for the tweaks it has made to its offerings and confidence in the overall economy.

• Arbitration Panel Orders Merrill Lynch to Pay $1.4M To Investor

  February 3, 2012

  An arbitration panel has ordered Merrill Lynch to pay an investor $1.4 million in a case that called into question the value of the collateralized loan obligation investments the firm sold.