Bank of America’s brokerage unit reported strong growth, as did the company’s private bank, as executives are emphasizing ...

Lee Woodring and Robert LeRoy are joining Indivisible Partners from Merrill Lynch, where they helped lead a $640 million team.

Industry experts say the new team of 25 investment specialists seems designed to tackle the more esoteric aspects of working with wealthy clients and leave asset gathering and relationship management ...

BofA Chief Executive Officer Brian Moynihan has repeatedly touted the cross-delivery of services between Merrill and the parent bank. In September, the bank rolled out a private client partnership ...

Executives say the Bank of America subsidiary likely benefited from clients in 2023 seeking a safe harbor from teetering ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...

The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.

In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with ...

On Wednesday, the firm announced financial advisors Larry Forlenza and Carl Hanks, who previously oversaw nearly $430 million ...

Bank of America’s wealth management division, which includes Merrill Lynch and the company’s private bank, saw core financial metrics rise in 2024, including net income of $4.3 billion ...