New Fee Disclosure Rules Anger Broker-Dealers

The Department of Labor’s 401(k) plan fee disclosure rules that would require U.S. broker-dealers to report how much they are paid to distribute mutual funds through brokerage windows is going to create a nightmare. Brokers claim that the hundreds of different compensation arrangements that firms will have to disclose are unworkable because of the different [...]

BofA to Add 160 Financial Advisors in Arizona and So. California

The new Merrill Edge Financial Advisors are targeted for Phoenix, Los Angeles, San Diego and Orange County and are to be on board by the end of the first quarter, 2012, bringing the total financial solutions advisor force in these areas to more than 250. You may recall, the firm has been adding to their [...]