Wells Fargo, Merrill Lynch, LPL settle SEC charges
5 days ago · Wells Fargo Advisors Financial Network, Wells Fargo Clearing Services and Bank of America’s Merrill Lynch violated the Advisers Act overlooked client interests by exclusively offering low-yield bank deposit sweep programs while pocketing significant profits, the SEC said in Friday’s order. The ...
Merrill Adds Fewer but Bigger Clients in 2024 - advisorhub.com
Jan 16, 2025 · The Global Wealth and Investment Management segment, which includes Merrill Lynch and Bank of America Private Bank, added 24,000 net new relationships last year compared to 40,000 in 2023 ...
Merrill Lynch Brings More Wealthy Clients to Its Fee-Based …
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, up 8% ...
Merrill adds new clients by tapping Bank of America customers
Jan 12, 2024 · Merrill Lynch Wealth Management acquired a record number of new clients last year, thanks in large part to signing up customers from other parts of its parent, Bank of America.
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Despite revenue dip, Merrill Lynch growth contributes to strong …
Jul 18, 2023 · Organic client growth, activity across businesses and the benefits of higher interest rates helped produce an 11% increase in revenue, Bank of America CEO Brian Moynihan said in a statement.
New Merrill Portfolios Designed to Provide BofA Clients …
Mar 25, 2024 · Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.
New Merrill Portfolios Designed to Provide BofA Clients …
CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a...
Merrill agrees to pay over $9.5 mln to settle SEC charges over fee ...
Apr 3, 2023 · Bank of America's investment management unit has agreed to pay over $9.5 million to settle U.S. Securities and Exchange Commission charges that it failed to disclose millions of dollars of...
CIO Market Update Audiocast Series - Merrill Lynch
Markets remain volatile and news is changing rapidly. Listen to our audio program featuring insights from the Chief Investment Office to stay up to date.