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Active managers get a seat at the ETF table
To the chagrin of some, a fast-growing industry comes to terms with active management.
Expenses take toll on Merrill Lynch's Q4 earnings
Bank of America Merrill Lynch took a hit in the fourth quarter due to rising expenses and lower interest income, though CEO Brian Moynihan offered a vote of confidence that brokerage chief John Thiel is managing expenses well.
Merrill loses advisers managing $18.6 billion in 2014
Wirehouse lost advisers managing $18.6 billion in 2014; veteran brokers blame Bank of America's 'fire first and ask questions later' mentality and expiration of retention deals. (See also: How wirehouses will strike back against breakaways)
Morgan Stanley nabs $6.5B Merrill Lynch private wealth team
Three elite advisers with Merrill Lynch's Private Banking and Investment Group jumped to Morgan on Friday.
Oil producers are feeling the heat from falling prices
On today's Breakfast with Benjamin menu, some oil producers have a lot to lose from cheap oil. Plus: Merrill brokers are heading for greener pastures, activist investors are taking over, and tune up your holiday tipping practices.
Merrill Lynch loses two advisers with combined $2.1 billion in California
One goes to Stifel, the other to UBS. Both had ties to Merrill's elite private banking and investment group that serves ultra-wealthy clients.
Merrill Lynch 'goals-based' accounts to reach $200 billion milestone
Merrill Lynch expects its revamped fee-based investments platform to pass $200 billion in assets by next week, notching a milestone in its massive platform overhaul.
$2.5 billion adviser duo fired by Merrill Lynch lands at Stifel
A team of elite advisers who was fired last month by Bank of America Merrill Lynch over private securities transactions has found a new home. (Plus: The team plans to fight back.)
Morgan hires longtime Merrill broker
Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.
Merrill snags $500 million team from UBS
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. See also: Merrill loses longtime broker to Morgan Stanley)
Wealth management a growing force in bank fortunes
Third-quarter earnings reports show that once again, wirehouses are driving revenue at the giant banks that own them.
Merrill stabilizes head count, boosts productivity
The firm's thundering herd climbed back to 14,000 in the third quarter after several quarters of steady declines.
Two high-profile adviser terminations take center stage
This week's must-read stories for advisers include employment drama at LPL and Merrill, Bill Gross speaking out, and a renewed push for more women in advice.
Terminated $2.5 billion Merrill Lynch team plans to fight back
An elite private banking duo plans to take legal action accusing the wirehouse of wrongful termination last month, their attorney says.
Merrill asks $2.5 billion team to leave
The advisers allegedly violated Finra rules and firm policy by encouraging some of their larger clients to invest directly in hedge funds.
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