Merrill Lynch is adding more resources to help its advisors serve ultrahigh-net-worth clients, a lucrative demographic for the Bank of America wealth unit.

Merrill and Bank of America Private Bank saw their number of new client relationships plunge by about 40% last year — from 40,000 in 2023 to roughly 24,000 in 2024. But executives at the Bank of ...

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

The Securities and Exchange Commission settled charges against units within Bank of America and Wells Fargo that will result ... and Wells Fargo Advisors Financial Network as well as Merrill Lynch, ...

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 ...

Merrill Lynch is giving increased attention to its ... and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities,” according to a company news ...

Deep-pocketed investors have adopted a bearish approach towards Bank of America BAC, and it's something market players ...

Merrill Wealth Management, Bank of America's primary wealth arm, is sharpening its edge in the ultra-high-net-worth space with a new dedicated specialist team. On Wednesday, the firm revealed that ...

Come on Merrill Edge. Give some readily available instructions. Bank of America bought Merrill Lynch in 2008, and Merrill Edge launched in 2010 to streamline services for existing Bank of America ...