Broker LPL venturing into little-loved mass market

LPL's new venture is in the early stages of development, but the Boston-based company says it will hire and train a network of self-employed advisers to offer investment advice to mass market consumers, defined by Cerulli Associates as those with les


Top 21pc of bankers make up 46pc of Merrill's earnings

Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.


EverBank unveils wealth company

The institutional-level approach also connects individual investors to a wider variety of sophisticated products and investment opportunities.