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What exactly does financial wellness mean for employers and workers?
Financial wellness looks and feels different across companies, but all programs should provide employees with the tools and confidence they need to achieve their financial goals.
Advisor managing $475 million at Bank of America Private Bank joins LPL
Amy Lawrence is launching Gorilla Investments Co. in Miami.
Merrill COO Kirstin Hill to leave firm, following Sieg’s departure
Some of Hill's responsibilities will be handed off to Jeff Busconi, who holds the newly created position of head of wealth management strategy, products and services.
Merrill Wealth Management weathers stormy first quarter
Bank of America's wealth management business, which includes Merrill, saw a 3% year-over-year decline in revenue in Q1, as lower equity and fixed-income valuations hit asset management fees.
First Republic hiring spree focused on these four firms
Almost half the financial advisors hired by First Republic since 2010 came from Wells Fargo Advisors, J.P. Morgan Securities, UBS Financial Services and Morgan Stanley.
First Republic Bank shares slammed in Silicon Valley Bank fallout
The bank has been investing heavily in its wealth management group for more than a decade.
Goldman CEO cites ‘tighter hiring plan’ for 2023
But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'
Retirement plan loans down in Q4, but defaults up, BofA study shows
Fewer retirement plan participants took hardship withdrawals to meet their immediate financial needs, according to the report.
Most successful financial services football stadiums
See how the 11 NFL stadiums sponsored by financial services companies stack up in terms of their team’s postseason success.
Bank of America grants employees shares
Staffers earning up to $500,000 a year will share in a pool of restricted stock, according to a memo from CEO Brian Moynihan.
LPL adds two tech execs from Bank of America
Cory Triolo and Tim Checko are joining the IBD's investor and investment solutions team.
Handicapping sequence risk and recession for the retirement set
There will be a lot of recession chatter in the coming year and financial advisors had better be prepared for it.
Morgan Stanley cutting workforce while Goldman warns of job cuts
As the U.S. braces for a recession, Morgan Stanley is reducing its global head count.
More millennials turning to alternative investments to fund their futures
A BofA survey finds that wealthy young investors have lost confidence in the stock market as a primary vehicle for creating wealth and instead prefer assets like cryptocurrency, real estate and private equity.
Former Northern Trust exec Shundrawn Thomas launches private equity firm
Thomas is partnering with former Bank of America credit specialist Anthony Hoye to provide financing to minority and women-led businesses.
Bank of America wants more referrals from its Merrill Lynch advisers
Brokers will be expected to provide two referrals a year to the bank or face a 1% penalty on their payout. (More: Morgan Stanley sales contests among advisers didn't help clients)
