Merrill Lynch

Regulators took the wirehouses to task for not having policies directing advisors to consider clients' best interests.

Executives say the Bank of America subsidiary likely benefited from clients in 2023 seeking a safe harbor from teetering regional banks.

Industry experts say the new team of 25 investment specialists seems designed to tackle the more esoteric aspects of working with wealthy clients and leave asset gathering and relationship management to advisors.

The firm's new policy of keeping discrimination complaints out of court isn't sitting well with at least two financial advisors.

Merrill's digital match program is finding client growth by using an algorithm to pair clients and advisors largely based on personalities rather than asset distribution. Meanwhile, Mercer Advisors uses human matchmakers.

Merrill and Bank of America Private Bank report starting 5,500 new client relationships in the third quarter, more than a third of which came through recent graduates of its training program.

Merrill and a partner firm were accused of running a complicated yield enhancement strategy, or CYES plan, of the type that has long been in regulators' crosshairs.

The hires add credibility to the wirehouse's renewed commitment to recruiting.

The firm continues to see success with encouraging wealth clients to open banking accounts.

A look at which firms had the biggest loan balances and revenue numbers and the relationship between the two.