mass affluent
BofA expands advisory cross-selling programPosted by RJ and Makay on Jun 23, 2011 |
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In a move to ramp up its cross-selling of banking and investment services, Bank of America plans to nearly double the number of Merrill Edge financial solutions advisors servicing so called “mass affluent” customers—those with $50,000 to $250,000 in investable assets. The bulk of new advisors will operate from banking centers.
Ameriprise Financial authorizes additional $2 billion share buybackPosted by RJ and Makay on Jun 20, 2011 |
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Ameriprise Financial announced last week that its board of directors has authorized an additional buyback of up to $2 billion worth of its common stock through June 28, 2013. Through the first quarter of 2011, the company had repurchased $969 million of common stock under its current $1.5 billion authorization, and the remaining capacity will continue to be available through the firm’s 2012 annual shareholders’ meeting.
