John Birkhauser and Ryan Birkauser, a father-son team managing $500 million at Merrill Lynch in Lake Forest, Illinois, have moved with their associates to RBC Wealth Management. John Birkhauser had been with Merrill Lynch since 1979, and Ryan Birkhauser is ...

A top ranked Merrill Lynch & Co. veteran adviser, Dane Runia, on Monday jumped to competitor Morgan Stanley & Co. Runia and his eight-person team are based in Provo, Utah, and worked with $3.2 billion in client assets and 85 ...

A former Merrill Lynch & Co. financial adviser, Marcus Boggs, was sentenced to 3 ½ years in prison on Thursday after pleading guilty to defrauding clients of $3 million, according to local news reports in Chicago. Boggs, 51, was arrested ...

A Bank of America Corp. executive was charged Monday with the brutal murder and fatal beating of Merrill Lynch & Co. veteran Michelle Avan. According to the Los Angeles County District Attorney’s office, Avan, a victim of domestic violence, was ...

Michelle Avan, a 23-year veteran of Merrill Lynch who recently became a senior vice president at Bank of America, was found dead in her Los Angeles home late last week. She was the mother of two and a grandmother. Los ...

A family-based, five-adviser team managing $427 million at Merrill Lynch has joined the employee unit of Raymond James. Christopher Beavers, Matthew Beavers, Emma Beavers, Hannah Peterson and Ryan Finglass will open an office for the firm in West Forth Worth, ...

Three brokers with major firms were penalized last month by Finra for incorrectly or inappropriately applying to federal loan programs for small businesses feeling economic pressure due to the Covid-19 pandemic. The Financial Industry Regulatory Authority Inc. in January told ...

Three registered representatives who collectively advised on more than $200 million in assets at their former firms have joined Virginia Asset Group, a regional investment firm headquartered in Virginia Beach, Virginia. Bruce McCook managed about $60 million at VCB Financial ...

Merrill Lynch, the wealth management arm of Bank of America Corp., reported a 6% decrease in its overall head count of registered reps and financial advisers, at the same time the firm’s self-directed investing platform experienced gains. As part of ...

Two former registered representatives of Merrill Lynch have filed a class action suit in a Michigan federal court alleging that the firm and its parent, Bank of America, have discriminated against African American advisers. “African Americans employed as FAs have ...