Merrill Lynch

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.

Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.

FINRA's settlement with Merrill gives the wirehouse credit for "extraordinary cooperation" with its investigation.

The payout of nearly $20 million reflects the mixed status of Black representation among financial advisors at the largest wealth management firms.

The mammoth coup far outpaces other recruiting deals of recent memory.

Arbitration panels and courts have already shown openness to arguments that deferred compensation is protected under federal retirement law.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.

The Bank of America wealth management subsidiary joins Morgan Stanley and Wells Fargo in no longer divulging how many financial planners it has on the payroll.

The 30-year industry veteran and coach to financial advisors and executives provides the story of his life in "Confessions of a Wall Street Warrior."

Bitcoin has risen more than 40% this year following the successful introduction of the exchange traded funds.

An industry report finds the largest independent brokerage, with its supported independence offering, had the biggest net headcount gain last year.