UBS has attracted a highly experienced advisor team from Merrill Lynch, who managed approximately $1.3 billion in client assets. The team, known as The Hart Group, consists of James Hart, Emily Hoag, Natalie Squillace, and Nolan Hart. UBS highlights their specialization in providing financial strategies tailored to athletes and entertainers. The specific challenges faced by … [Read more...] about UBS Recruits Former Merrill Lynch Team to Serve Athletes and Entertainers
Merrill Lynch
Merrill Lynch Sees Growth in Financial Advisor Headcount and Client Base
In a recent announcement, Merrill Lynch revealed that its financial advisor headcount had increased by approximately 175 in 2023. Furthermore, the Bank of America wealth management unit and its private bank witnessed an impressive 45% surge in ultrahigh-net-worth clients. These developments were highlighted in the company's fourth-quarter earnings report. The combined efforts … [Read more...] about Merrill Lynch Sees Growth in Financial Advisor Headcount and Client Base
Merrill Lynch Enhances Financial Advisor Compensation Plan for 2024
Merrill Lynch, one of the prominent national brokerage firms, is making notable updates to its compensation plan for financial advisors in 2024. This plan aims to provide higher incentives for advisors who generate significant revenue for the company. The adjustments include modifications to payout percentages and the introduction of new bonuses. Payout Adjustments Reflecting … [Read more...] about Merrill Lynch Enhances Financial Advisor Compensation Plan for 2024
