Merrill Lynch

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 former mentor who already made the move to Janney Montgomery Scott says the Market Street Advisors group will find both freedom and support.

The move comes as the Swiss banking giant continues to push its wealth management ambitions in the U.S.

Advisors and brokers rarely put up fights when a former employer comes for loan paybacks as successes are few and far between.

A staff member in the firm's fraud investigations group found reporting failures dating back to 2009.

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

The team, led by financial advisor Ting O'Connor, left because they were unhappy with Merrill's culture and wanted better working conditions for their support staff, a recruiter said.

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.

Morgan Stanley supplanted JPMorgan Chase atop the rankings of the biggest compensation for head executives across wealth management.

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.