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Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities , the investment banking arm, both firms engage in prime brokerage and broker-dealer activities.
The deal valued the brokerage at $50 billion. Thain was expected to be president of global banking, securities and wealth management, a new division at Bank of America, to oversee its corporate and investment bank and most of wealth management business. Upon joining Merrill Lynch, Thain received a $15 million signing bonus.
Continue reading → The post Merrill Lynch vs. Charles Schwab appeared first on SmartAsset Blog. Researching fee structures, account types and product features take time and can be perplexing.
Merrill Lynch Wealth Management Appoints Ashvin Chhabra as Chief Investment Officer, Head of Investment Management and Guidance NEW YORK--(BUSINESS WIRE)-- Merrill Lynch Wealth Management today ...
However, the bank's wealth management business, primarily the network of advisors the bank acquired via the Merrill Lynch purchase, seems to thriving. While many members of the.
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities . The firm engaged in prime brokerage and broker-dealer activities and was headquartered ...
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