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Participants say plan websites are frustrating
A J.D. Power study finds that only 43% of users say it’s easy to locate needed information on retirement plan sites.
BofA banker charged with murder in Michelle Avan’s death
Anthony Turner, a commercial banker, faces one felony count each of murder and first-degree residential burglary, according to the Los Angeles County District Attorney's office. The case remains under investigation.
Why are so many Merrill Lynch advisers leaving?
Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.
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.
Discrimination class action suit filed against BofA, Merrill
Two former reps say African Americans received less pay, support than others at the firm.
Customers to banks: We don’t want your advice, but we’ll take it
J.D. Power finds personalized financial advice drives gains in customer satisfaction for retail banks.
Bank CEOs scolded by senators
Banking Committee Chairman Sherrod Brown challenged the executives 'to be as good to the American people as the nation has been to you.'
Merrill Lynch to launch new adviser training course, ends cold-calling
In keeping with the times, it appears that the practice of cold-calling is out and using social and business networking platforms like LinkedIn is in.
UBS nabs $2 billion team from BofA private bank
The seven-person group will join its Newport Beach, California, office.
Wall Street’s ESG club sees huge tax perks
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
Merrill Lynch advisers can now send video account summaries
Say goodbye to PDF documents and hello to narrated and personalized videos for client accounts.
Wall Street skimps on compensation despite pandemic windfall
Investment banks saw a rise in revenue per employee last year, but that doesn't seem to have translated into big rewards for workers.
A watershed year for wealthtech adoption
A confluence of environmental changes, like work from home orders, virtual events and an economic recession, have forced advisers to embrace tech tools in a matter of months
Finra sues ex-BofA Merrill analyst who used corporate card for ‘adult entertainment’
Paramveer Singh, a former tech stock analyst, spent $21,000 at the club, Finra alleges
Bank of America’s free planning tool could benefit advisers too
The tool expands access to financial planning to nearly 40 million active digital banking users and may eventually funnel clients into Merrill Lynch
Merrill Lynch bets on its next generation of advisers
The wirehouse is creating a new avenue for its 'client associates' to become full-fledged financial advisers
Banks cite gains against fintechs
Pandemic is encouraging consumers to do business with larger companies, says Morgan Stanley's CEO
Merrill Lynch rolls out tech-driven adviser workstation
With the tool, advisers can personalize the work experience from connecting with clients to customizing data figures
Bank of America sells $1 billion bond issue to fund pandemic relief efforts
Deal is first from a U.S. bank that links all proceeds to tackling the virus
BofA starts selling benefits packages to corporate banking customers
The company is pursuing more business with those clients by providing 401(k)s, HSAs and other benefits
