Bank of America
Merrill Wealth Slowly Eases Out of Covid Slump
Revenue in the third quarter inched up 3.3% from the doldrums of the second quarter despite 61% decline in new client money.
Merrill Management Merry-Go-Round Spins in Dallas
Merrill Lynch Wealth has tapped a 13-year broker to lead its Dallas Galleria office, according to two sources familiar with the move.
BofA Aims to Integrate Edge Brokers into Merrill with Revamped Training
Merrill shifts Southeast division executive Eric Schimpf to co-head advisor development programs with BofA consumer bank executive Matt Gellene to “ensure strong connectivity with the broader bank.”
Career Merrill Broker in Michigan Joins Another Alum’s RIA
Quarter-century Merrill veteran with $350-million book moves to advisory boutique founded last year by ex-Merrill complex manager Jim Hughes, ex-NYSE CEO Duncan Niederauer and ex-Blackstone banker James Didden.
Morgan Stanley Picks Off Merrill Teams in NYC, Florida Managing $4.8 Billion
Morgan Stanley on Friday nabbed Merrill teams producing more than $10 million in New York and Fort Lauderdale.
First Republic Hires $2.5 Million Merrill Producer in California
San Francisco-based bank recruits another broker from the firm that once owned it.
Merrill Puts Kibosh on Meals and Gifts from Wholesalers
Industrywide tradition of letting product providers wine and dine brokers and their clients is reversed by Merrill Lynch, which said employees must “avoid even the perception of a conflict of interest.”
Merrill Systems Hiccuped on Thursday as Stocks Slid
Advisors were unable to wire funds or take notes on client accounts while self-directed clients had trouble trading.
Merrill Searches for New Head of Training
Jennifer MacPhee, who coordinated Merrill’s Financial Advisor Development Program for a little more than a year and also serves as a Bank of America’s market president, is leaving.
Phil Scott, $18-Million Merrill Superstar, Joins First Republic
High-profile Washington State broker Phil Scott moved his 11-person team on Tuesday to First Republic.
$3 Mln-Merrill Lifer in Vegas Exits After 37 Years, Launches RIA
Yearning to “drive the ship” himself after almost four decades at Merrill, broker managing $360 million for 56 families strikes out on his own.
