Merrill Lynch adviser head count drops as self-directed investing soars
Merrill Lynch reported a 6% dip in adviser head count and said that 80,000 clients are now using its self-directed investing platform.
Merrill Lynch, the wealth management arm of Bank of America Corp., reported a 6% decrease in its overall head count of registered reps and financial advisers, at the same time the firm’s self-directed investing platform experienced gains.
As part of Bank of America’s second-quarter earnings W
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