Less than a month after a top Merrill Lynch executive said the Bank of America securities brokerage would begin recruiting again, the firm has hired a top financial adviser away from rival Morgan Stanley....More
While Merrill Lynch and parent company Bank of America still have issues that need to be addressed, there are some key segments where they are not only getting it right but are downright leading in their category....More
Columnist Andrew Parish detects an alarming amount of noise coming from the Bank of America/Merrill Lynch camp. The noise, he says, has begun to play a tune that sounds a bit like the cultural drift is taking its toll throughout both the advisor and management ranks....More
Morgan Stanley and Merrill Lynch have been two of the most respected and recognized names in the world of wealth management and investment banking for decades. But post-financial apocalypse, what traits did they retain in the transition and what changed?...More
Merrill Lynch brokers, and bullish markets for most of the past year, helped Bank of America in the second quarter reach all-time highs in wealth management revenue, profit and profit margins as well as in loans and asset management fees....More
What do wirehouse advisors think of their firms? WealthManagement.com surveyed 3,402 advisors asking them to dish the dirt on their firms, telling us what they liked and what they don't. Here are some of the results.