Merrill Lynch

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.

The two advisors generated about $1.5 million in annual revenue, according to the No. 3 IBD.

The unit will provide specialized services for private banking, international and institutional clients."

The firm’s hot recruiting streak forges ahead with another grab from a rival firm.

The firm poached two advisors from its rivals as it expands its talent pool.

One recruiter argues the firm is losing talent because it will eventually exit the Broker Protocol.

At Merrill "it felt like we shifted away a little bit in recent years from the core focus of wealth management," advisor Matthew Spradlin explains.

Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.

The move is the latest in trend of advisors leaving wirehouses for smaller firms.

Thomas Buck spent 33 years with Merrill Lynch before he was fired in 2015.

These young planners share a commitment to hard work, but have deployed very different tactics in building their practices.

The planner wasn’t happy with the direction his former firm was pushing its advisors.