Bank of America
Despite a net loss of 35 advisors during the quarter, Merrill Lynch Wealth Management’s almost 14,800 advisors signed up 17,625 new households, gross in the first three months of 2019.
Three hundred advisors who typically work from call centers or bank branches will get seats in full-service Merrill Lynch offices in major cities.
In shifting Albany market executive Jennifer MacPhee to monitor its training program and Jacksonville market chief Tony Kurlas to manage community markets, Merrill has opened more holes in its branch-management network.
Century City manager who spent her career with UBS will manage southern California region for expanding San Francisco bank, while veterans from Merrill and Credit Suisse move to J.P. Morgan in Dallas.
RBC Wealth’s recruiting head Michael Parker and Merrill’s Dallas market manager Michael Armondo, each of whom have 24 years of brokerage experience, will join to build Greg Fleming’s enterprise in the Northeast and Texas.
Most popular stories from 2/24 – 3/2
The head of Merrill’s brokerage force rushes out memo arguing that the Lynch-less re-branding will “bring to life everything we have to offer across Bank of America and Merrill.”
Banking giant adopts Merrill “sub-brand” for all retail investment businesses, phases out PBIG designation and recasts its traditional trust unit as BofA Private Bank.
Spokane, Washington, broker who says he generated $1.2 million in revenue but was penalized by failing to hit Merrill “growth-grid” targets has high hopes for life as an independent broker.
Top Stories of the Week: Merrill’s Checking Push, Ex-UBS Duo’s Charity Flub, Gaming Share Limits and More
Most popular stories from 2/2 to 2/9.
A New York City branch is offering dinners for client associates who sell checking accounts while banking specialists in the midwest face a lofty 2019 goal of opening almost 24,000 checking accounts from Merrill wealth clients.