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.