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James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.
July 18
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The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.
July 17
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The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.
July 16
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Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.
July 12
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Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.
July 12
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The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.
July 11
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Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.
July 10
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The wirehouse is giving the ultrahigh-net-worth crowd a more complete view of their finances, says Don Plaus head of private wealth management.
June 27
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Six of the new recruits broke away from Merrill Lynch.
June 25
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Six months in, the wirehouse is taking an unusually hands-on approach in its first foray into the RIA space.
June 24
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Banks are trying to catch up with the amenity-rich offices of tech firms.
June 17
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The regional BD has maintained a steady influx of wirehouse advisors.
June 13
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The firm said this is the first of several new teams it plans to add this summer.
June 12
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“When we think about these offerings, there are no hard lines that are drawn here,” said Merrill Lynch boss Andy Sieg.
June 12 -
Brokers “have become accustomed to this kind of deal structure,” COO Ed Swenson says.
June 11
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The firm had cut back on hiring efforts in 2016, citing exorbitant costs.
June 6
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"You should buy into IPOs to hold them, because you believe in the company," James Gorman said.
May 23
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CEO Sergio Ermotti has resisted pressure from some investors for large-scale layoffs, opting instead for smaller cuts with less impact on morale.
May 15
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The regional BD has approximately 1,800 advisors.
May 14
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The advisors are the latest in a string to jump from a wirehouse to a regional BD.
May 14
