Bank of America Merrill Lynch

The fund will give investors exposure to noninvestment-grade bonds for less than half the cost of its flagship high-yield offering.

The company also said that its advisor ranks are growing.

The company's broker headcount declined slightly, but it remains the largest wirehouse by number of advisors.

Thomas Fickinger managed over 1,350 advisors generating $1.5 billion in revenue in 2016.

The firm, which has faced racial discrimination allegations, is trying an alternative approach suggested by a professor at Harvard.

The defendants profited more than $3 million by trading before and after mergers and acquisitions were announced, according to U.S. prosecutors.

If retirement is abstract to clients, ask specific questions to make it more real to them, such as: “Where will you be living? What does your house look like? What are you doing?"

The SEC's June 2016 settlement with Merrill Lynch was one of its biggest cases of the year by dollar amount.

One advisor says the fiduciary rule prompted the latest wirehouse exit to an RIA.

Investors pulled $2.1 billion from domestic mutual funds and ETFs in the week ending July 12.

A net 80% of investors think America is the most overvalued region, analysts say.

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

The last time the percentage was greater was when the S&P 500 was near its previous peak before the financial crisis.

The firm also said it has benefited from low attrition and its training program.

The platform provider has inked partnerships with 45 RIAs since 2010 and 10 so far this year.

They left to have more freedom in how they work with their clients, one of the new hires says.

Experts say conditions are right for allocations to return to their peak in 2013, potentially unleashing $350 billion of new money.

Buying behavior may reflect underlying imbalances and mismatches between desired holdings and what’s available to purchase.

Jack Bogle's advice flies in the face of the market’s recent conventional wisdom.

The $420 million team marks the latest wirehouse exit over a lack of flexibility around the rule.