Money management was New York-based Merrill's only major unit to report higher earnings and revenue in the third quarter, in contrast to sales and trading, retail brokerage, and investment banking.
However, its improved performance was not enough to prevent the withdrawal of $854 million from Merrill's U.S. stock and bond funds in the first nine months of 2004. Investors preferred independent and better-performing managers like
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Research shows that many investors fear policy changes could hurt their retirements, but these concerns often go unspoken with financial advisors, creating a planning gap.
Many business owners wind up regretting how they exit from their ownership. That's why experts say financial advisors should ramp up their planning for it.
Penny Pennington has presided over a wide-ranging overhaul that has seen forays into alternative assets and banking but also heightened rates of advisor departures.
Libretto, Syntax Data, Advyzon, Kwanti and the Oasis Group were among the major players at the annual conference that announced new and upcoming AI advancements.
While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
Dynasty accuses Merrill of acting in distorting the court record in its attempt to force a dispute over a giant breakaway team before FINRA arbitrators.
