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Billion-dollar Merrill Lynch team moves to RBC
Known as the Inter Alia Group, four reps and four associates make switch in Portland, Oregon.
Merrill spiffs up broker workstation, adds client banking information
The change in the broker workstation is part of a broad effort, dubbed internally Project Thunder, to make work life a little bit easier and more comfortable for Merrill's advisers.
Four-person Merrill team managing $391 million joins UBS
Brenner Wealth Management Group is based in Santa Barbara, California.
A father-son $500 million duo at Merrill Lynch moves to RBC
John and Ryan Birkhauser and their team are based in Lake Forest, Illinois.
Morgan Stanley snags elite Merrill Lynch team in Utah
While Morgan Stanley had backed away from recruiting advisers from direct competitors in recent years, the company has recently returned to the market for top-flight advisers.
Ex-Merrill Lynch broker gets 42 months for $3 million fraud
Marcus Boggs pleaded guilty to wire fraud in March, and on Thursday was sentenced to 42 months in prison. One of the victims was a man who received approximately $5 million in a wrongful conviction settlement.
BofA banker charged with murder in Michelle Avan’s death
Anthony Turner, a commercial banker, faces one felony count each of murder and first-degree residential burglary, according to the Los Angeles County District Attorney's office. The case remains under investigation.
Merrill Lynch veteran Michelle Avan dies
Avan recently became SVP and head of global women's and under-represented talent strategy, global human resources for Bank of America.
Merrill Lynch quintet managing $427 million moves to Raymond James
The family-based team is joining the firm's employee unit and opening an office in West Fort Worth, Texas.
3 brokers in hot water over sketchy Covid-19 loan applications
The Financial Industry Regulatory Authority Inc. said at the start of the year it was looking into registered representatives who applied for coronavirus-relief loans for possible violations.
Three reps managing $200 million join Virginia Asset Group
Two of the advisers came from VCB Financial Group and one joined from Merrill Lynch.
Merrill Lynch adviser head count drops as self-directed investing soars
Merrill Lynch reported a 6% dip in adviser head count and said that 80,000 clients are now using its self-directed investing platform.
Discrimination class action suit filed against BofA, Merrill
Two former reps say African Americans received less pay, support than others at the firm.
Merrill Lynch rep managing $250 million goes indie with LPL
Joseph Myer has formed Veritas Capital Management in Ashburn, Virginia, and is affiliating with LPL through Gladstone Wealth.
Merrill Lynch hit with $11.65 million penalty by Finra
In 2016, Finra launched a targeted examination of UIT sales, discounts and rollovers across the brokerage industry, and a number of firms have incurred penalties and fines in its aftermath.
Merrill Lynch duo managing $211 million moves to Stifel
Bill Wade and Reid Berry are opening an office in Brentwood, Tennessee.
Merrill team managing $842 million bolts to Raymond James
The four advisers in Salt Lake City, who operate as Williams & Townsend Wealth Management Partners, are joining the firm's employee unit.
Merrill Lynch, Morgan Stanley top execs say recruiting changes worked
Driving the recruiting overhaul at wirehouses over the past few years has been the tremendous expense of recruiting experienced financial advisers.
Duo managing $250 million at Wells Fargo joins Janney
Three sole practitioners managing $297 million in total are also moving to the firm.
Merrill Lynch details adviser development program
With a fresh take on adviser training, Merrill Lynch expects to increase diversity while graduating 1,000 new advisers per year. These advisers will be located in-office and report to their local market executives.
