There has been talk (and verification) of expansion in both wirehouses and regionals all month long. Just this week BofA Merrill announced it planned to continue to hire and build its core global wealth management business. (They hired an additional 1,697 new financial advisors in 2011.) Then Edward Jones announced they were rolling out a [...]
Will it be Stifel or Raymond James and for How Much?
January 12, 2012 By Leave a Comment
Industry analysts continue to debate over who will acquire Regions Financial’s brokerage firm, Morgan Keegan, but nobody is commenting or confirming anything. The haggle is obviously over price, but it looks doubtful it will be the $1 billion that Regions is looking for. After all, this has been in the works for over six months [...]
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