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Merrill Lynch is developing its own robo-adviser

Merrill Lynch has dozens of employees working on a robo-adviser prototype for Merrill Edge that's set to be unveiled next year.

Bank of America Corp.'s “thundering herd” of Merrill Lynch financial advisers is about to be joined by a robot.

The firm has put dozens of employees to work on an automated investment prototype for Merrill Edge, which targets accounts under $250,000, according to two people with knowled

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