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Merrill Lynch ramps up wealth unit in Florida
As its wealthiest clients fly south, the wirehouse plans to double the number of teams catering to ultra-high-net-worth individuals in the Sunshine State over the next few years.
Rockefeller nabs $450 million Merrill Lynch team
The pair of advisers in Denver marks the registered investment advisory firm’s first foray into Colorado.
Team managing $1.35 billion at Merrill Lynch moves to Stifel
The practice in Dallas includes four advisers and three support staff.
Trio managing $375 million at Merrill Lynch goes indie with Raymond James
Michael Topinka, Carl Boomhower and Daniel Tyburski set up shop in Wayne, New Jersey, as Topinka Financial.
Finra bars former Merrill Lynch rep
Atlanta-based broker Tyler Delahunt had been discharged by the wirehouse over alleged outside investments.
Finra bars former Merrill rep accused of churning
Charles Kenahan had already been barred by the state of New Hampshire in December.
Merrill Lynch’s hunt for new clients tamed by COVID-19
Net new households at the wirehouse in 2020 declined 37% year over year, the company reported Tuesday. The pandemic clearly hampered advisers' efforts to reel in new clients, a push at the firm since 2016.
IBDs saw decent year in 2020 wirehouse recruiting
Independent broker-dealers saw gains in recruiting coveted wirehouse advisers despite the massive disruptions caused by COVID-19. Firms are also building out registered investment advisory platforms to lure advisers.
Rockefeller adds three teams managing $1.7 billion
Former Morgan Stanley, Merrill Lynch advisers join Rockefeller in Boca Raton, Florida, and Chicago
2020: The year Wall Street lost the wealth management race
COVID-19 slowed down but did not halt the flow of advisers fleeing wirehouse firms for the independent channel
A watershed year for wealthtech adoption
A confluence of environmental changes, like work from home orders, virtual events and an economic recession, have forced advisers to embrace tech tools in a matter of months
Merrill Lynch duo managing $200 million joins indie team
Patrick Fontana and Michael Dunham move to Raymond James affiliate in Dallas
Merrill Lynch hit with record $26 million action over broker churning
New Hampshire Bureau of Securities Regulation called the settlement the 'largest monetary sanction' in the regulator's history
Merrill Lynch keeps grid intact, cuts pay on small accounts
Starting in January, advisers will see a reduction in how they are paid for clients' holdings in cash and on accounts under $250,000
Merrill adds more choices to its model portfolio offering
Additions include sustainable, hybrid and high-net-worth options from several managers
Market surge exposes cracks in online trading platforms
Brokerages like Schwab, ETrade, TD Ameritrade, Robinhood and Fidelity were hit with technical difficulties as trading spiked amid news of a COVID-19 vaccine
Why robo-advice benefits from free financial planning
By increasing access to financial plans, companies may be creating a natural avenue to digital advice
Stifel adds three Merrill advisers
Dallas duo manages $128 million; Missouri-based adviser manages $115 million
Merrill team managing $550 million moves to Rockefeller Capital
CM Private Wealth Group is based in Northbrook, Illinois
Bank of America’s free planning tool could benefit advisers too
The tool expands access to financial planning to nearly 40 million active digital banking users and may eventually funnel clients into Merrill Lynch
