Bank of America announced that it has added a premium suite of third-party investment strategies for high-net-worth clients to its Merrill Lynch investment advisory program. The program allows clients to sign an agreement with Merrill and enter into an investment manager agreement with the selected manager, which can provide customized investment management for a personalized portfolio at a negotiated manager rate.
Managers that will be available at the program's November launch include AllianceBernstein, BlackRock, Franklin Templeton, Lord Abbett, Natixis Investment Managers/Loomis Sayles, Nuveen and Pimco.
The new suite of offerings will be reviewed by Merrill’s chief investment office and integrated into the firm’s Merrill One platform.
According to the announcement, the offering is for clients with at least $5 million in assets at Merrill and Bank of America, or at least $10 million of investible assets, including assets outside of Bank of America and Merrill.
RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.
Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.
The giant alt investments platform's latest financing led by T. Rowe Price and SurgoCap Partners, along with State Street, UBS, and BNY, will fuel additional growth on multiple fronts.
Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.
New report shines a light on how Americans view wealth today.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
