Economy

The board also canceled about $47 million of ex-community bank head Carrie Tolstedt’s stock options.

The wirehouse aims to grow its adviser ranks in a potential bid to surpass its larger rival Morgan Stanley, according to Andy Sieg, head of Merrill Lynch.

The executive, who oversees the investment bank and retail brokerage units, was paid $15.3 million in 2015.

Karen Dixon will oversee private wealth management services in Texas.

Alibaba's founder backs digital advice for China, where e-commerce giants already sell mutual funds.

The firm's latest hire is an industry veteran of more than two decades.

The accounting method can deliver attractive savings, along with protecting nature or farmland.

A close look at what's driven the advisers at the top of this year's ranking.

Tom Scaturro will lead Key Private Bank market teams in Florida and the Hudson Valley/metro New York region.

The firm's latest hire has nearly three decades of industry experience.

Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.

To save time and money, the megabank is embracing machine learning-driven tools.

The firm’s chief received a nearly 60% raise in 2016, dwarfing the compensation of several rivals.

The benefits of going independent are alluring, but wirehouse advisers can't afford to discount the formidable challenges ahead.

The new hires joined the wirehouse from J.P. Morgan Securities, On Wall Street learns exclusively.

At least 27 brokers have joined the firm, including a father-son team from UBS with $261 million in AUM.

Several division executives have moved into new roles, retired or left the company, according to a memo seen by On Wall Street.

S&P 500 company pension plans' funding levels increased a mere 1% despite the $40 billion in contributions that these firms made to their plans.

Wirehouse and regional advisers can help honor the industry's top leaders.

The wirehouse outlines its competitive digital offer, but it's a defensive play, analysts suggest.