Merrill Lynch

Grid stretches, small account policy changes — it’s a lot to keep track of. Our annual compensation report is here to help.

XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

Phil Sieg, who has 35 years of industry experience, will help the bank’s advisors grow their practices.

Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

New hires follow two big additions last month that had AUM topping $2 billion.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.