Jim Rourke and Michael Liu will serve as co-heads of private client partnership development, linking Bank of America's investment bank, Merrill and the firm's private bank.

Berkshire still holds almost 962 million shares, the filing shows — worth $39.5 billion at Monday's closing price.

Analysts find that funds selling call options tend to do poorly in bull markets and lag behind broader market indexes.

From C-suites down, American finance is quietly reassessing its promises to level the playing field — and, in many cases, rolling them back.

Wells Fargo's Charlie Scharf and Morgan Stanley's James Gorman recorded the biggest gains among the CEOs whose compensation has been disclosed so far.

What do younger clients want from wealth managers? Katy Knox, president of Bank of America's Private Bank, sits down with American Banker Editor-in-Chief Chana Schoenberger to discuss the future of high-net-worth investing and what clients are looking for now.

If you have any questions about Medicare, health care expenses and retirement, Ben Storey has the answers. Watch our interview here.

The fine arises from market manipulation committed by a pair of former employees over the course of nearly seven years.

New trade rec from BoA suggests targeting boomers' wealth — and avoiding millennials'.

Merrill president and co-head Lindsay Hans said the firm is well-positioned for the "largest asset-gathering opportunity that FAs have seen in decades."

A new report on wealthy Americans' philanthropic activities shows where advisors can help women and younger investors with giving back.

The team joining Fidelis Capital will specialize in working with wealthy families.

Caregiving will touch the lives of many wealth management clients, but its financial and emotional costs can overwhelm. Here's how advisors can help.

Some of the biggest names in banking have started using large language models to organize their institutional knowledge, but use cases like chatbots remain experimental.

The moves come as Merrill seeks to integrate more with parent company Bank of America.

Paul Morris, a managing director in Merrill Private Wealth Management, was deposed about his relationship with Jeffrey Epstein at two other banks now facing suits alleging they knowingly benefited from sex-trafficking.

Four estate planning experts, including at Bank of America Private Bank and UBS, offer advice on the unique challenges of working with creative professional clients.

Ahead of TEFAF, a top art fair it will sponsor in New York next week, Bank of America shared why art matters to rich investors and what buyers can expect this year.

Although the bank's wealth businesses logged strong organic growth for the quarter, revenue fell and hiring languished after two strong quarters of headcount gains under then-president Andy Sieg's leadership.