Financial institutions

The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.

It’s been death by a thousand cuts as a steady stream of top talent strikes out on their own.

The team joined AdvicePeriod, which has more than two dozen advisors and $2.2 billion in AUM.

State regulators and state legislature are stepping in to propose initiatives to protect consumers against salespeople wrapped in fiduciary clothing.

In a sweep of changes, the custodian is embracing an open architecture technology platform.

The bank is targeting advisors with $100 million or more in assets.

The firm has been aggressively recruiting wirehouse talent.

Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, the firm said.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

The regional BD has been on a red-hot recruiting streak.

Chau Pham alleges that her breaks to pump breast milk became a topic of conversation among male co-workers,

Market volatility spurred clients into cash during the fourth quarter.

“The thundering herd is on the move,” boasts Andy Sieg, head of Merrill Lynch.

Of the promotions, 14 were in the wirehouse's wealth management arm.

The firm has lost more than 1,100 advisors since a phony accounts scandal came to light in 2016.

They’re going into the season with weaker earnings expectations as they contend with a pileup of share downgrades.

Talent appears to be pouring from the wirehouse as more planners exit.

The company has its incentives, but here’s what could be waiting for advisors.