The 15,000-strong Thundering Herd wants Bank of America to stop treating it like cattle — but the chances of that happening are dim, judging from the now-notorious recent interview with…
In a move similar to June 2021 when Merrill Lynch lost three teams to Rockefeller Capital Management worth $12 million in revenue, three teams departed once again prior to the…
The deal with bloodletting is that it is supposed to cure a problem, is that what Andy Sieg thinks he’s doing? After massive AUM and revenue losses in 2022, Sieg…
A few days ago Mindy Diamond hosted a "candid" interview with Andy Sieg, The President of Bank of America Merrill Lynch. In that interview many were disappointed with the questions…
First Republic has just signed three big-name wealth management teams to its roster in one week’s time to kick off 2023. First, an $11 million in revenue/$1.8 AUM BNY Mellon…
From books on leadership and conflict management to a novel about finance, WealthManagement.com presents the best books of 2022 for financial advisors.
In the wake of the pandemic that disrupted every…
As if this year wasn’t hard enough on advisors at BOA/Merrill with one of the worst years in the markets in a generation. Between the bond market and the equity…
Yes, its that bad. Advisors across the land are fed up with the bureaucracy, the overbearing compliance, and becoming ‘just another number’ at Bank of America. Advisors at ML seem…
Wells has just planted a monster flag in Manhattan with their new modern offices in Hudson Yards, cementing its foothold in the PWM space by acquiring one of the largest…
We all know the story of David and Goliath, in the world of finance, we’re observing the story play out routinely as boutique firms continue to capture some of the…