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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.
Merrill posts record revenue on fee growth
Asset management fees were up almost 17% year-over-year; total client balances hit $2 trillion.
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
Wirehouses warm to bank channel recruits
Wirehouses are now focusing on a new market segment in their talent searches: bank channel recruits. Why the change in sentiment for advisers once considered too risky?
Merrill Lynch dodges high-profile gender bias suit
N.Y. Supreme Court justice dismisses a complaint from three former trainees who claimed they were given a book called “Seducing the Boys' Club” and ultimately fired out of bias.
Consumers left in the loan lurch as big banks still hold off
Friday's menu: Consumers still left in the loan lurch. Plus: Which manager just jumped into the liquid alts pool? Some stocks for a rising-rate cycle; commodities are hot again; European banks ride the wave; and Merrill trims its housing outlook.