Deborah McWhinney, who led a controversial restructuring among Citigroup’s (NYSE:C) bank brokers, is moving into a non-advisor role at the global financial giant. McWhinney, president of personal banking and wealth management, will take over a newly-created position as head of global digital merchant acquiring. ...
Merrill Edge is a serious challenge to the online brokerage powerhouses such as Charles Schwab and Fidelity Investments, as well as to independent and regional broker dealers, according to a new report from Aite Group. The report also suggests that online do-it-yourself offerings can help a retail financial advisor, rather than hinder him. ...
Former Citigroup brokers, who wanted courts to dismiss debts the firm said they owed on loans awarded when they were hired, were turned down by a district court judge Friday. But they are planning to appeal that decision. ...
When advisors lose their jobs but decide to keep loans or other payments from their former employers, expensive legal trouble can follow. The issue is...
Jan 16, 2010 1:25 PM, By David A. Geracioti, VonAldo.com
What's wrong with the hybrid model --- being both a Series 7 and IAR of an RIA? Citi Personal Wealth Management advisors want to know. For more, please go to VonAldo.com, the blog of Registered Rep. Editor-in-Chief David A. Geracioti...
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