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Wells Fargo launches hybrid robo-adviser
Intuitive Investor platform requires at least $10,000 in assets and has a 50-basis-point fee.
Bank of America names new head of US Trust
Katy Knox named president, replacing Keith Banks, who will become vice chairman of the global wealth and investment management unit.
Warren Buffett converts Bank of America warrants to buy $16.5 billion stake in bank
Mr. Buffett previously invested $5 billion in Bank of America in 2011
Big U.S. banks could see profits jump 20% with deregulation
Allowing bond purchases with borrowed funds would have the biggest impact
Morgan Stanley broker among five arrested in $5 million insider trading case
Bank of America insider provided tips on major M&A transactions
Bank of America’s Moynihan: No quick pullback from fiduciary rule
Chairman and CEO of the bank that contains Merrill Lynch says the DOL regulation is part of a larger trend in financial services.
Top 10 record keepers of defined contribution plans
Fidelity Investments, the largest record keeper, extended its dominance in 2016.
European stocks far cheaper than US stocks
Political worries, debt woes weighs heavy.
Merrill Lynch debuts robo-platform for clients with at least $5,000 to invest
Familiar financial giants are doing well attracting investor assets on digital platforms
Bank of America’s Merrill Lynch reports a 1% increase in number of financial advisers
Bank's wealth management unit reports higher earnings on lower revenue.
Veteran PNC Wealth Management rep goes independent
$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families.
Fund flows make screeching U-turn after election
Money flows out of bonds into stocks.
Viewing a recession threat through rose-colored glasses
Plus: Warren Buffett thumps Donald Trump on taxes, Russia drives energy ETF rally, and Ken Bone and his famous red sweater
Merrill Lynch wealth management head John Thiel stepping down
Current CEO John Thiel (right) will step down on Jan. 1. (Related read: Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule)
Merrill Lynch enters the robo-advisory business
Fees are higher than some competitors, but firm already has brand awareness to make inroads into the market.
SEC fines Merrill Lynch $12.5 million for lapses causing mini-flash crashes
Bank of America Corp.’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s weak…
Wirehouse recruiting numbers must be more transparent
Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.
Bank of America, JPMorgan Chase, Morgan Stanley, Wells Fargo oppose anti-DOL fiduciary rule lawsuits
In a split with regional brokerage firm, the wirehouses favor compliance over fighting the Labor Department.
How to invest in the new populist era of politics: Merrill Lynch
Wall Street is scrambling for a narrative to explain why Britain decided to leave the European Union.
Bank of America Merrill Lynch to trim mutual fund offerings
The firm hopes to make it easier for clients and advisers to understand sales charge reductions and waivers.