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Merrill Lynch $320M AUM team goes independent in Texas
Veritas Legacy Wealth launches with support from LPL Financial's Strategic Wealth Services.
Raymond James signs up Merrill advisor managing about $360 million in assets
Forbes-recognized advisor in Ponte Vedra, Florida, leaves bank for independent.
$425 million advisory team jumps to LPL from Merrill
Woman-led firm sets up independent practice in Washington state.
Merrill Lynch team with $450m leaves for Steward Partners
Advisors Mark Morasky, Erik Clay and Chris Figaro are launching Vantage Point Private Wealth.
Merrill Lynch smacked with $12 million penalty for reporting violations
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
Finra sues smoothie-throwing broker for ducking cash reporting rules
James Iannazzo made cash transactions totaling close to $846,000 to avoid detection, the regulator alleges.
LPL nabs advisor managing $325 million at Merrill Lynch
Christopher Coffin is opening a new firm, Coffin Financial Group, in Austin, Texas.
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 team with $200 million in assets joins Sanctuary
Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.
UBS adds two teams from Merrill in California and New York
San Jose-based O’Connor & Associates has $875 million in client assets; Garden City-based Cuneo Denihan & Associates has almost $1 billion in assets.
Merrill to pay $1.4 million over telemarketing violations
The company, which self-reported the issue, signed separate consent orders with Finra and the New Hampshire Bureau of Securities Regulation.
Sanctuary Wealth nabs $1 billion Merrill team
Chicago-based Burnham Harbor Private Wealth has four advisors.
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.
Merrill ordered to pay $9.7 million for failing to disclose foreign exchange fees
The SEC enforcement action is another example of the agency's increased scrutiny of wrap-fee programs.
Andy Sieg leaves Merrill to rejoin Citigroup
He is being replaced at Merrill Lynch by Lindsay Hans and Eric Schimpf, who have been appointed presidents and co-heads of Merrill Wealth Management.
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.
LPL adds Merrill advisor managing $300 million
Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners.
Merrill advisor with $440 million in assets affiliates with LPL
Thom Maher is launching a firm, Maher Wealth Management, in Phoenix.
Sanctuary Wealth adds $1.5 billion Merrill team
Chappell Wealth Management is based in The Woodlands, Texas.
