Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program
Bank of America’s brokerage unit reported strong growth, as did the company’s private bank, as executives are emphasizing ...
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S.
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Morgan Stanley wants loan growth. Merrill sells more alts
In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with ...
Financial Advisor IQ3d
Merrill, Wells Fargo to Cough Up $60M over Cash Sweep Programs
Merrill and Wells are facing a total of at least 11 lawsuits related to the interest rates in their cash sweep programs, and ...
Financial Advisor3d
Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says
The firms failed to consider the best interests of clients when selecting cash sweep programs, the agency said.
Financial Advisor IQ3d
Merrill, Morgan Stanley Bank on Banking for Wealthy Clients
Merrill Lynch and Morgan Stanley executives on Thursday discussed plans to further tap in-house banking services in their ...
WealthManagement.com3d
Wells Fargo, Merrill Lynch Pay $60M to Settle Cash Sweep Charges
The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.
Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges
The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have ...