Displaying 25 results
Merrill adds new clients by tapping Bank of America customers
'In 2023, a record number of existing Bank of America clients became Merrill clients,' says Eric Schimpf, president and co-head of Merrill Wealth Management. 'We can and will do more here.'
Despite revenue dip, Merrill Lynch growth contributes to strong quarter for BofA
Merrill Lynch client balances grow 8.4% year-over-year to surpass $3 trillion in the second quarter.
Merrill Lynch continues management reshuffle
The executive team under Lindsay Hans and Eric Schimpf is taking shape; Ken Correa takes on an expanded role as head of business and client development, while Erik Vatter was named head of advisor development.
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.
UBS adds pair of Merrill advisors managing $640 million
Brian Mariash, James Lowther and their team will operate as Mariash Lowther Wealth Management in Sarasota, Florida.
Merrill Private Wealth promotes Hans to lead unit
For the last six years, Lindsay Hans has headed Merrill's Northeast and Mid Atlantic Divisions. She succeeds Don Plaus, who's retiring.
Merrill launches new tool allowing advisors to record, share custom videos
The wirehouse's Video Pro guides advisors through creating compliance-approved content for clients and prospects.
UBS adds two teams from Merrill Lynch
The Klinger Quan Group, which manages more than $1.3 billion, joins in San Francisco, while David Sacharko and Sean Siana, with $340 million, join in Hartford, Connecticut.
Merrill still hanging ‘Help Wanted’ sign for advisors in 2023
The wealth management franchise at Bank of America continued to perform well in 2022 despite the stock market sell-off.
Diversity imperatives snapped into focus
Accountability for fulfilling vows of diversity and inclusion has been scarce, but a spate of new scholarship and outreach programs signaled progress.
Merrill team managing $564 million goes indie with Sanctuary Wealth
Plano, Texas-based Valorous Advisors specializes in retirement plan consulting.
Merrill achieves record third quarter despite market volatility
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.
Merrill launches matchmaking service to connect investors and advisers
The firm is positioning Merrill Advisor Match as a modern solution for investors who are looking for financial advice.
Merrill Lynch boosts CFP Board diversity efforts with $1.25 million donation
The firm becomes a founding sponsor of the Center for Financial Planning, whose mission is to build a more inclusive talent pipeline.
UBS nabs $500 million Merrill team
Mikail Qazi and Timothy Martin are joining UBS Private Wealth Management in Washington, D.C.
InvestmentNews hosts fifth annual Diversity, Equity & Inclusion Awards
Lifetime Achievement Award winner Eddie Brown recalled starting at T. Rowe Price in 1973 as the stock market went 'straight downhill.' Compared to that, the current market is 'a piece of cake,' he said.
Bank of America wealth group sees head count drop as revenues climb
Adviser ranks are falling, but the bank reports 7,800 net new client relationships and a growing thirst for alternative investments.
Ex-BofA employees among 6 banned by Fed over Covid loan fraud
The Federal Reserve banned the former bank employees for fraudulently obtaining loans designed to provide economic relief to small businesses during the pandemic.
Merrill Lynch adviser managing $150 million opts for LPL
Peter Shunyia in Troy, Michigan, has affiliated through a super office of supervisory jurisdiction.
Morgan Stanley bucks trend of more advisers leaving wirehouses
The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.
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