Merrill, previously branded as Merrill Lynch, is an American investing and wealth management division of Bank of America.
Merrill Lynch
Buoyed by $3-Mln Whistleblower Award, Ex-Merrill Duo Clears Their Record
The Brookfield, Wisconsin brokers alleged Merrill was to blame for issues with a proprietary structured note product, which also prompted the 10 customer complaints.
Merrill’s Sieg Nods to ‘Competitive’ Attrition Issue in Call with Brokers
Merrill’s president, on a quarterly pre-recorded call to brokers, singled out “competitive” attrition as an area “needing focus from leadership,” also noting that it was “higher this quarter than we’d like to see.”
Hybrid Happening: Merrill FAs’ Clients Up Their Use of BofA’s Self-Directed Platform, Exec Says
Also BofA reported on Wednesday that FA headcount fell 2.1% from the prior quarter and 5.9% year over year to 19,385.
Ex-Merrill Broker Wins Expungement of Termination Notice After 2019 Move to Stifel
Merrill had settled an underlying claim for $19,503 and asked the arbitrator to deny the broker’s expungement request.
Stifel Gains Merrill and Wells Brokers in NV and CA, Loses $2-Mln Duo in TX
The St. Louis firm scored veteran hires from Merrill and Wells in the Las Vegas area and Newport Beach, Calif. Wells, meanwhile, hired from Stifel a $2 million-producing duo from an Austin, Texas suburb.
Merrill Deploys ‘Client Experience’ Teams to Retain Assets of Departing Brokers
Through a program that began in November, Merrill specialists have been rapidly reaching out to customers of departing brokers to pitch clients on staying behind.
Merrill Lifer Fired After Undisclosed Outside Business Allegations, Related Client Suit
Client’s lawsuit alleges that Merrill failed to supervise advisor, who convinced client and his ailing wife to pour almost $5 million of their retirement savings into a Key Biscayne liquor store.
Merrill Moves: $441 Million-AUM Duo Leaves to Go Indie, Chase Private Client Advisors Hired in NY
Chad Goodchild and Jacob Schlict, who had spent their entire brokerage careers with Merrill Lynch, left the wirehouse to start their own New York RIA through TruClarity Wealth Advisors.
Ex-Merrill Brokers Bring Discrimination Suit That Echoes Already Settled Claims
One well-known plaintiff lawyer who represented Black advisors who settled with the wirehouse in 2013 characterized the new lawsuit as “a copycat.”
Return-To-Office and Vaccine Mandates Stir Dissension, Debates, and Job Hunting Among Advisors
“I like this—working from home in shorts and a t-shirt,” a veteran Merrill broker said.
Finra Raps Two Merrill Brokers, Including 30-Year Firm Vet, Over UIT Sales
Tennessee broker who joined Merrill in 1990 accepted a three-month suspension and $5,000 fine for allegedly recommending early rollovers of unit investment trusts.
