Bank of America Merrill Lynch

The active manager plans to launch his new firm in June with former Franklin Templeton colleagues.

The firm incorrectly coded her payout at the institutional rate, a mistake that impeded her ability to move up the pay grid and attain bonuses, she alleges.

The hiring plans coincide with the firm's rollout of its digital advice offering, UBS Advice Advantage, which is offered through its call center.

Timothy Scheve will complete the term of John Thiel, the former head of Merrill Lynch, who left FINRA's board earlier this year.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

BMO Wealth Management aims to modernize its investment service and give planners better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.

She'll now be responsible for supervisory operations at one of the largest firms she once helped regulate.

The bank aims to have a total of 4,000 representatives by year-end in Merrill Edge, which now has 2.4 million accounts and $184.5 billion in assets.

Thomas Buck spent 33 years with Merrill Lynch before he was fired in 2015.

Brian Moynihan said "it’s just our view that customers should be careful here."

The firm also reported that its advisor ranks were up 2% year-over-year, boosted by its training program.

The new texting capabilities will roll out on both Apple and Android devices over the next two months.

Brokerages have broken ranks in recent weeks over whether to facilitate clients’ bets on bitcoin amid widespread concern that it’s a bubble or that the cryptocurrency’s price is potentially susceptible to manipulation.

Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed.

“The discussions we’re having now are, ‘Call your municipality and try to establish what your liability is. Call your mortgage holder,’” an advisor said.

The firm has been driving its expansion, pulling in talent from its competition.

Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era.

Stifel says the fact that it owns a bank — instead of being owned by one — is a big appeal in recruiting.

The regional firm pulled its latest hires from Wells Fargo and Merrill Lynch.

The firm is rewarding advisors with new rewards for growth – and cutting pay for those who don't hit certain hurdles.