Both revenue and adviser head count increased, and Andy Sieg, president of Merrill Lynch Wealth Management, attributed the strong results partly to the firm's advisers.
Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.
Here are some of the other fintech headlines you may have missed this week.
The firm is assessing its head count, CEO James Gorman suggested on an earnings conference call.
The wealth management group attracted $65 billion in net new asset during the quarter, pushing the total this year to $260 billion.
The wirehouse employed a total of 12,011 financial advisers at the end of September, a loss of 173 advisers in Q3.
Fundamental rationales for mergers and acquisitions remain strong, but deal details reflect current market realities.
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
Over two decades, Vania May Bell and her father Hector May 'ruthlessly orchestrated' a multimillion-dollar Ponzi scheme, according to the Feds.
Pilot program marks the first time mutual fund and ETF investors have been asked their opinions on proxy matters.
Williams, who will continue as chief operating officer, assumes the presidency from David Stringer.
Next year's cost-of-living adjustment will be the largest increase in retirement benefits and taxable wages in 42 years.
The robo will now offer four managed portfolios of cryptocurrencies alongside its traditional investment portfolios.
The case demonstrates that Finra has more latitude to purse excessive trading violations, says a former head of enforcement.
Many Hispanics are choosing to start their own businesses, and financial advisers can help those business owners realize their goals.
Go beyond customer satisfaction — satisfied customers don't drive ROI and profitability the way that a raving fan does.
A mere 7% of retirees stopped working because their savings were sufficient to fund their retirement, according to the report.
Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.
Just 34% of adult Americans have an estate plan and 37% of respondents said they didn't have a plan at the ready.
The SEC is extending the comment periods on 11 rulemaking proposals and one request for comment due to problems with the electronic comment form on the agency’s website.
