Bank Of America Corp.
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Merrill Lynch is developing its own robo-adviser
Merrill Lynch has dozens of employees working on a robo-adviser prototype for Merrill Edge that's set to be unveiled next year.
Bank of America isn't banking on a 4Q stock market rally
Breakfast with Benjamin: The lack of corporate outlooks this earnings season could be a bad sign for stocks over the next few months.
Massachusetts' Galvin investigates fund pricing glitches
Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.
How to build a 401(k) business from scratch
Advisers have poured into defined-contribution territory over the last several years. Before the 2008 recession, approximately 150,000 out of 300,000 active financial advisers were getting paid for services provided to a DC plan, according to figures from The Retirement Advisor University. That
Retirement savings gap between sexes narrows, but women still lag
Lower income, less savings, higher health costs and longer life expectancy contribute to the disparity, but anecdotal and statistical evidence point to a shrinking margin.
Wirehouse recruiting numbers must be more transparent
Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.
Wirehouse metrics reflect different strategies
Newly compiled InvestmentNews research shows how the nation's biggest brokerages rank across four key metrics.
BlackRock CEO Larry Fink wants better relationship with RIAs, reserves judgment on fiduciary
After another quarter beating Wall Street's profit estimates, chief executive Larry Fink says the world's largest money manager wants a better relationship with RIAs.
RIAs join brokers in promoting securities-backed lending
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
Home office investment performance beats advisers': study
Cerulli study suggests quantitative manager selection and staying invested during downturns helps home offices outperform advisers.
Stifel deal for Barclays unit would amp up ambitions to attract elite advisers
An acquisition of Barclays' U.S. wealth unit would add $47 billion in assets and 249 advisers who focus on ultrahigh-net-worth clients, filling a gap in Stifel Financial CEO Ron Kruszewski's advisory business.
Wealthy millennials decline financial advisers' services: survey
Just 47% of multimillionaires ages 18 to 34 use an adviser, a new study finds. That means wealth managers may be missing opportunities to discuss health, family and financial values with those and other potential clients.
Attrition and breakaways have shrunk head counts at wirehouses
Attrition and breakaways have shrunk head counts at wirehouses, threatening the big four firms as they look to keep pace. (Plus: Our full Spotlight on Wirehouses special report)
Bank of America Merrill Lynch being investigated by SEC: WSJ
Bank of America Corp. is being investigated by the Securities and Exchange Commission over whether the lender broke rules designed to safeguard customer accounts, according to the Wall Street Journal.The bank's Merrill Lynch unit used a variety of large, complex trades and loans over a three-year
Exchange issue strikes Merrill Lynch, Vanguard ETF performance
Analysts say price discrepancies are a reminder for advisers to use best practices when trading funds.