Advisor Channels

Merrill Lynch will break out fees for asset management services, mutual funds, alt investments and commodities when it mails January account statements later this week.

Investors moved money out of Switzerland before the government shares their data with tax authorities.

The move reflects an effort to bolster brokerage revenue as investors flee actively managed funds for passive products like index funds.

Matrix Wealth Partners, in registering as an investment adviser last month, disclosed that it’s partly owned by former Lehman Brothers head Richard Fuld.

Wealth-management revenue climbed 3 percent to a record $3.99 billion, as profit jumped 16 percent to $891 million.

Billing errors affected more than 149,000 clients between 2002 and 2016.

Software from data-aggregation company Addepar Inc. is now used by the bank’s largest private-wealth teams