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STREET MOVES: Merrill Hires 6 Brokers From Wells Fargo, Morgan Stanley

Six financial advisers who in all manage more than $600 million in client assets have joined Merrill Lynch from the retail brokerage arms of Wells Fargo & Co. (WFC) and Morgan Stanley (MS).The moves took place in the last month, Merrill Lynch said. Among the advisers was Michael Dolle, joined Merrill Lynch in Winter Park, Fla., from Wells Fargo Advisors, where he generated about $1.7 million in annual production on $160 million in assets.Mr. Dolle joined Wachovia Securities in 2004, according to Financial Industry Regulatory Authority records, and he remained when Wachovia was acquired by Wells Fargo.Lee Minsk, an adviser with roughly $104 million in assets under management and an annual production of nearly $1 million, joined Merrill in Short Hills, N.J., from Wells Fargo. He had previously worked at Merrill from 1999 through 2004, Finra records show.A spokeswoman for Wells Fargo confirmed the departures.The team of Peter and Steven Benington and Steven Cross is now working in Merrill...

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  1. Proxy Adviser Opposes Re-Electing H-P Chairman Lane

    A major proxy-advisory firm urged Hewlett-Packard Co. (HPQ) shareholders to oppose the re-election of Chairman Ray Lane and two other directors, citing a failure of ...

  2. Proxy firm seeks ouster of Hewlett-Packard directors

    Hewlett-Packard Co's board came under renewed pressure on Tuesday after influential proxy adviser ISS recommended shareholders vote against the re-election of Chairm...

  3. STREET MOVES: Baird Adds 5 Advisers From Morgan Stanley, Wells Fargo

    Baird Private Wealth Management, a unit of Robert W. Baird & Co., has added five veteran financial advisers who collectively manage roughly $500 million in assets.Jo...

  4. H-P's Autonomy Probe Turns Toward Board

    Hewlett-Packard Co.'s (HPQ) board is investigating the company's flawed $11 billion acquisition of software firm Autonomy Corp., and has set up an informal committee...

  5. Wells Fargo ramps up private equity despite Volcker Rule

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  6. Capital One Appoints Former Regulator, Banker to Board

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  7. Insight: How SandRidge Energy's CEO adapted the Chesapeake playbook

    For 17 years, Tom Ward and Aubrey McClendon teamed up to build Chesapeake Energy Corp into the second-largest natural gas producer in the United States.The two Oklah...

  8. Wells Fargo Advisors Ordered to Pay Investors $1.3 Million

    An arbitration panel has ordered Wells Fargo Advisors to pay roughly $1.3 million to a California couple for losses stemming from an allegedly unsuitable investment ...

  9. U.S. regulator sues JPMorgan over WaMu mortgage securities

    The U.S. credit union regulator sued JPMorgan and Washington Mutual late Friday over $2.2 billion in mortgage securities sold to credit unions that collapsed because...

  10. U.S. Regulator Sues J.P. Morgan

    The U.S. credit union regulator sued JPMorgan (NYSE:JPM) and Washington Mutual late Friday over $2.2 billion in mortgage securities sold to credit unions that collap...

  11. Wells Fargo agrees to proposed settlement on shareholder actions

    Wells Fargo & Co would pay up to $2.5 million in attorneys' fees and implement certain corporate governance changes under a proposed settlement of lawsuits brought b...

  12. Factbox: UBS fined $1.5 billion over Libor

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  1. Wells Fargo Trims Approved List of Money Managers -Reuters

    Wells Fargo & Co. (WFC) is cutting its approved list of money managers and investment vehicles that its stockbrokers market to wealthy clients, Reuters reported Mond...

  2. Exclusive: Wells Fargo cuts approved list of money managers

    Wells Fargo & Co is slashing an approved list of money managers and investment vehicles that its stockbrokers market to the firm's wealthy clients, a change of direc...

  3. What Can You Gain by Ditching Your Large Bank?

    Bank fees and low interest rates are pushing customers to look for alternative ways of banking, but is going "bank-free" the answer?To determine if your world can do...

  4. STREET MOVES: Morgan Stanley Hires Wells Fargo, Merrill Advisers

    Advisers from the wealth-management arms of Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) have joined Morgan Stanley (MS).Mark Pentella is now working at M...

  5. Shareholders Unhappy With HP's Board

    Hewlett-Packard Co (NASDAQ:HPQ) Chairman Ray Lane and several other directors narrowly kept their seats on the board as shareholders conveyed their displeasure over ...

  6. HP's Lane, several others narrowly keep board seats

    MOUNTAIN VIEW, California (Reuters) - Hewlett-Packard Co's shareholders re-elected the company's board on Wednesday, but Chairman Ray Lane and three others only narr...

  7. Wells Fargo CEO's pay rose 8 percent to $19.3 million - filing

    Wells Fargo & Co Chief Executive John Stumpf's pay increased 8 percent in 2012, making him one of the industry's best-paid leaders, according to a filing with the U....

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