Merrill Lynch

The wealth unit of Bank of America reported record revenue in the third quarter and said it was holding onto clients whose advisors had left the firm.

'The face of wealth is changing,' Sieg said, calling Black talent important to winning business from the fast-growing Black wealthy.

The product can bolster talent retention, appeal to customers seeking help in the current volatile markets and position Merrill to stay top-of-mind as UX-savvy younger clients begin inheriting wealth.

The book invites women, people of color and millennials in particular to join the wealth profession. We interviewed author Raj Sharma to learn more.

Podcasting, a killer website, great marketing and freedom to focus were among the reasons why the team left.

The regulator gave the firm credit for “extraordinary cooperation” despite alleging that its system failed for six years to the tune of more than $13 million.

The wirehouse is making the business case for financial advisors merging their books together, alongside an offer to assist with coaching services.

The $2.6 billion Miami firm is the largest independent advisor yet to take advantage of the U.S. territory’s incentives.

Philadelphia-based Janney Montgomery Scott added three teams from Wells Fargo and Merrill Lynch across two states managing $1.4 billion in client assets.

Consumer prices last month jumped the most in 13 years, alarming financial advisors and their clients, but everyone should calm down, Michelle Meyer says.