Bank of America
Merrill Lowers Goalposts for “Client Engagement” Bonus
Bank of America-owned firm lowers barrier for brokers to meet bank-product sales bonus after they complained of being stretched in too many directions.
Rockefeller Grabs $4.5-Million-Plus Team from Merrill in Dallas
RSA Group led by Neil Rubenstein and James Sandfort is first in Texas for Greg Fleming’s family office venture, comes same day as Merrill lost $736,000 producer in New York to Morgan Stanley.
Merrill Sticks with Recruiting Freeze, Brokers Hit Growth Numbers
Merrill Lynch Wealth President Andy Sieg says brokers have more than doubled their household acquisition rate to six accounts in three years and have “room to run.”
Stifel Rustles Another Multi-Million-Dollar Texas Team from Merrill
A week after hiring a Houston duo producing $3.4 million, Stifel Nicolaus recruits two more Merrill brokers in Dallas who generated $3.5 million in the past 12 months.
Merrill Team Managing $300 Million in Northern Ohio Goes Indie
Team in Sandusky affiliates with Raymond James while their former Merrill office sits dormant.
First Republic Hires $16-Million Merrill Team in Palo Alto
Arif Ahmed, a top new-money generator at Merrill’s private wealth (PBIG) unit, led his Silicon Valley-based team to San Francisco bank on Friday.
Merrill Lifer Managing $250 Million Signs Up with RBC
“I didn’t leave Merrill Lynch,” New Jersey advisor says. “I left Bank of America.”
Merrill Posts Record Q1 Profit on Big Jump in New Households
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.
Merrill Edge Brokers to Get Desks in Wealth Branches–Report
Three hundred advisors who typically work from call centers or bank branches will get seats in full-service Merrill Lynch offices in major cities.
Merrill Deploys Complex Heads in New York and Florida to New Roles
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.
UBS Loses L.A. Manager to First Republic, Merrill Texas Team Joins JPMorgan
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.
