Last year produced an embarrassment of records at Bank of America’s Merrill Lynch wealth management group, as the unit reached new highs on metrics ranging from assets to revenue. Merrill Lynch posted record revenue of $17.4 billion in 2021, a ...

Stock market volatility and a correction are in the cards for 2022, say a majority of Americans in a poll conducted by Allianz Life. More than three-quarters (77%) expect the stock market to remain volatile this year and 59% expect ...

The Great Retirement, or the surge in U.S. retirements during the Covid-19 pandemic, was led by older White women without a college education, according to research by the St. Louis Federal Reserve. The so-called Great Retirement trend that saw workers ...

This article is one in a series of outlooks for 2022 by the InvestmentNews team. The fight for — and over — financial advisers in 2022 will be vicious and costly. Financial advisers are going to want to continue to ...

The Federal Reserve, in its quest to be as transparent as possible, has tamped down some of the numerous economic and market outlooks for 2022 by showcasing plans to hike interest rates as many as three times this year. While ...

Goldman Sachs Group Inc., one of Wall Street’s fiercest champions of returning its staff to offices, is asking U.S. employees to work from home if they can until Jan. 18 as Covid-19 surges nationwide. Goldman’s reversal comes after most of ...

In the second year of the Covid-19 pandemic, large registered investment advisers based in the Northeast region saw a return of business and growth, doing so well they even outpaced the average increase in assets of recent years. The 2021 ...

Growth and success in the registered investment adviser business comes in many forms, and the Covid-19 pandemic has only underscored that fact as advisers and their firms continue to adjust to remote working. Women advisers have assessed the new work ...

With the broad stock market roaring, big-time year-end bonuses are returning to Wall Street, with investment bankers, traders and private equity managers, who have been particularly active in buying registered investment advisers, all seeing significant increases in their compensation when ...

Four more brokers have been penalized by Finra since October for incorrectly or inappropriately applying to federal loan programs for small businesses feeling economic pressure as a result of the Covid-19 pandemic. In January, the Financial Industry Regulatory Authority Inc. ...