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Merrill to continue focus on training over recruiting in 2020
Long the financial advice industry's leading trainer of young brokers, Merrill to renew attention on coaching
Wall Street targets Silicon Valley rich
Citi, Bank of America and Morgan Stanley are among the firms beefing up their wealth management efforts in Northern California
Bank of America sees ETF market hitting $50 trillion in next decade
Passive strategies such as ETFs are benefiting as investors bail on active managers after years of underperformance.
BofA puts final nail in the coffin of commissions on Merrill Edge platform
The $225 billion digital platform dumps trading costs to stay competitive
‘Trusted’ professionals are targeting older Americans
Elderly fraud often involves professional firms and companies, including banks, financial advisers, insurers and law firms.
Merrill Lynch growth strategy helping advisers reach record productivity
New client acquisitions up and 60% of advisers are having their best year ever.
Zero commission fight could pressure wirehouse earnings
If they follow lead of Schwab and others, profits could get dinged, according to one analyst.
Zero commission fight could pressure wirehouse earnings
If they follow lead of Schwab and others, profits could get dinged, according to one analyst.
Wall Street pay is slipping
Goldman has seen the steepest decline in per-employee compensation since 2007 among the big banks, followed by Credit Suisse.
Andrew Sieg of Merrill Lynch on bank synergies and acting in clients’ best interest
The company's president talks with InvestmentNews about what's next for the Thundering Herd.
One hundred days into search, Wells Fargo narrows field of CEO candidates
Bank of America's Cathy Bessant is among remaining contenders.
Wealthy families are adding forests to their portfolios
Bank of America's Specialty Asset Management group manages $13.6 billion for individuals and institutions looking for timberland, farms, ranches, energy interests, or real estate.
Mass affluent say financial stress affecting their mental health
Bank of America survey reveals financial concerns among wealthy Americans.
Merrill Lynch adding human advisers to Guided Investing robo
The advisers will fill a service gap between the firm's purely digital, self-directed robo-adviser and the full-service advisers of Merrill Lynch.
Brokerages sound off on Regulation Best Interest
Small-brokerage executive expresses concern over lack of specifics about what is 'best,' given an inability to make perfect investment choices for every client.
Maxine Waters puts bank chiefs in hot seat and gets results
House Financial Services Committee chairwoman is also preparing a hearing with executives from U.S. regional lenders.
Merrill Lynch cross-selling hits the market
The firm is luring clients by reducing interest rates on mortgages by as much as half a percent.
Bank of America said to drop Merrill Lynch name from investment bank
The bank's wealth management unit will use the name Merrill going forward.
Philadelphia sues seven banks over 'collusion’ in municipal bond deals
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
Financial advisers head to cash as stocks move up
Bigger cash weightings reveal a preference for safety over returns as the bull market ages
