Called Consults Diversified Portfolio, the new product is designed to offer a convenient, less volatile product for investors in one package, said Robert Dineen, senior vice president and head of Merrill Lynchs Managed Solutions Group.
Previously, Consults investors who wanted to build a diversified portfolio had to select several private accounts with the firm, each of which is managed by individual investment management teams at Merrill Lynch Investment Managers.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
