Merrill Lynch

Advisors may be upset due to the high-handed attitudes of the larger firms, but pulling down six zeroes a year can offset a lot of irritation, says On Wall Street’s annual recruiters roundtable.

Timothy Scheve will complete the term of John Thiel, the former head of Merrill Lynch, who left FINRA's board earlier this year.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

One of the biggest notable losses came from Merrill Lynch, which lost a team managing $1 billion to the independent space.

The new fee system will impact more than 800,000 customers.

The firm was defined by a culture of “no, no, no,” a top headhunter says as part of On Wall Street’s annual recruiters roundtable.

Updated calculators and a leaner interface are intended to raise awareness of “retirement readiness.”

Merrill Robertson Jr. had previously been sentenced to 40 years in prison in a separate criminal case.

Need a gut check on your career? Read what top recruiters have to say about the big and small firms in the industry.

Planners are seeking the independence and support that they say they aren’t getting at wirehouses.

She'll now be responsible for supervisory operations at one of the largest firms she once helped regulate.

The bank aims to have a total of 4,000 representatives by year-end in Merrill Edge, which now has 2.4 million accounts and $184.5 billion in assets.

Wirehouses have been losing talent as advisors seek more freedom in how they structure their practices.

The firm’s headcount increased 8% in just one year.

The new hires from Merrill Lynch and JPMorgan are welcome news for the embattled bank’s wealth management division.

Berkery will be succeeded by Michael Blum as the chairman of UBS Bank USA. A Merrill Lynch alum, Berkery was part of the turnaround team at UBS' wealth management unit, and during her tenure, the lending book at its bank more than doubled in size.

The organization awarded millions to firm insiders that provided information in a 2016 case against BofA.

Merrill Lynch, UBS and others made considerable alterations to policies and procedures in order to be compliant with the Labor Department regulation.

The broker-dealer has been scooping up talent from its rivals for months.

Financial planners are wary of text-only service options, arguing they would contribute further to the commoditization of advice.