Bank of America Merrill Lynch

Firms such as Carson Group, Morgan Stanley, Morningstar and Merrill are taking vastly different approaches to naming their AI assistants, with some preferring a human name, a male name or simply no human identifier.

The bank hired a nonprofit exec with a background in impact investing and expanded the roles of two other executives as part of its ESG wealth push.

The new firm joins a movement that also drew a growth capital investment of $200 million into burgeoning RIA aggregator Sequoia.

Amid fierce competition for wallets of the super-rich, exotic perks are emerging.

Earnings for Merrill Lynch Wealth Management and Private Bank jumped 28% in the quarter.

Increasingly, hedge funds are eager to buy packages of art-backed loans.

A longtime Merrill Lynch veteran, Michelle Avan advocated for Black women and other under-represented talent.

His embrace of volatile cryptocurrencies for mainstream investors is a major shift from the cautious world of fiduciary advice that’s synonymous with his namesake firm.

The number of registered investment advisors in the Sunshine State is up 27% over the last 5 years.

Consumer prices last month jumped the most in 13 years, alarming financial advisors and their clients, but everyone should calm down, Michelle Meyer says.

While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.

The program has historically been high-stakes and cold-calling friendly. Novice advisors can expect something different now.

The wirehouse is also tweaking pay related to cash solutions for clients.

Steve Alch, a U.S. Army veteran, has been with the company since 2001 and has overseen the wirehouse’s operations in Orlando.

“We’ve said no layoffs for this year and we’ll stick by that,” Chief Executive Officer Brian Moynihan said Thursday.

The company is turning to what it sees as a talent pool with proven success rates.

As millennial and Gen-Z women take more control of their own finances and those of their families, they’re becoming less tolerant of bias, research found.

The new information sheds light on how an industry leader is grappling with one of the profession’s most pressing issues.

The initiative is intended to help advisors manage increasingly large and complex teams.

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.