07/16/2014

Merrill Lynch Wealth profit strained by expenses

Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter.

07/13/2014

Wells Fargo’s Wealth Unit Boosts Profit 25 Percent

Wells Fargo’s Wealth, Brokerage and Retirement division reported a $544 million profit in the second quarter, up 25 percent from the $434 million reported in June 2013, and up 15 percent sequentially.

07/11/2014

Meet Rosie, The Robo-Advisor

The emergence of so-called “robo-advisors” online platforms that provide investors with analytical tools for creating their own financial plans and investment portfolios has been creating a ripple of concern within the wealth management indus