Bank of America
Need to Move $1.6 Billion? Bank of America Has an App for That
Bank of America’s corporate clients want to make payments the same way they handle their personal money — by mobile phone.
Merrill Raises Payouts in Retirement Transition Plan, Tweaks “Inheritor” Payoffs
In a move to keep senior brokers’ clients and compete with UBS and Morgan Stanley, Merrill adds 5 to 75 percentage points to payouts of those who transition their books internally.
Fired Merrill Broker Wins $3.75 Million Defamation Award
Arbitration panel orders Merrill to compensate a Minnesota advisor it fired after his longtime partner was charged with bank fraud and recommended cleansing of his regulatory records.
Stifel Recruits Fourth Round of Merrill Lynch Brokers in a Month
Three brokers who managed $497 million at Merrill moved Friday to open a new Stifel office in Connecticut.
More ‘Edge’ Advisors Heading Into Merrill Wealth Branches
Bank of America expects to place several thousand Merrill Edge “financial solutions advisors” to work alongside Merrill Wealth brokers in branches over the next few years, a bank executive said.
Merrill Hires UBS Manager to Oversee New Jersey Complex
James Cadet, a former branch, complex and regional sales manager at UBS, was most recently heading a teaming and practice management unit that has been downsized.
Bank of America to Pay Special Bonuses for Third Year After Strong Earnings
Bank of America Corp. plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters.
Merrill Reports Record Quarterly Profit on 2% Jump in Client Balances
Experienced brokers have grown household accounts on average by 27% versus last year, but Merrill is no longer breaking out its “experienced advisor” headcount.
Merrill Wealth Team Producing $10 Mln Joins First Republic
Private Wealth group advisors, led by a pair of 30-year Merrill veteran, are relocating to Palm Beach, Fla., from Chicago.
UPDATED: Merrill Edge Won’t Mimic Schwab’s Zero-Commission Offer–Executive
Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
Rockefeller Hires $4-Million Merrill Team in D.C.
Group is the 11th to join the upstart brokerage unit of the expanded family office firm led by Greg Fleming, and the tenth coming directly from a wirehouse.
