Merrill Lynch & Co.

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Merrill Lynch & Co.

A formerly independent financial services company. Founded in 1914, it has been publicly traded since 1971 and specializes in investment management and advising, insurance, banking, and capital markets services, among others. It is perhaps best known for its global private client services, especially wealth management for individuals and businesses. Because of its over-exposure to mortgage-backed securities in the credit crunch that began in 2007, Merrill Lynch was acquired by Bank of America in January 2009.
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References in periodicals archive ?
The essence of the new Merrill Lynch is an emphasis, says Krawcheck, on "one-to-one relationships" with "putting clients first," delivering "personalized advice" that's "in their best interests." This all sounds like the kind of personalized advice delivered by investment advisors--but according to Krawcheck, it's delivered by Merrill Lynch registered representatives--"financial advisors."
The programme will be held at Merrill Lynch Financial Centre in London and similar programmes also run in New York, Singapore and Hong Kong.
The court found no reason to believe that Merrill Lynch assisted Howell in defrauding the investors.
Merrill Lynch reversed its recommendation on the country's external debt from "overweight" to "underweight" in April 2007, citing the failure of the nation's political elite to resolve the impasse triggered in November 2006 by the resignations of six Cabinet ministers.
The wealth management team's logo will continue to carry Merrill Lynch's famous bull.
Hullinger, a resident of Springville, Utah, joined Merrill Lynch in 2002.
The "BofA Merrill Lynch bandwagon" can also be seen where private investors follow the U.S.-based financial giant's trading patterns.
During the relevant period, the complaint states, "over $2 trillion in transactions not including the purchase or sale of securities moved through Merrill Lynch brokerage accounts via cash deposits, wires, journal-entry transfers, check writing, ATM withdrawals, cash advances and ACH transfers."
In recognition of the themes outlined above, BofA Merrill Lynch raises its 2017-19 EPS estimates by an average of nine per cent for the five Saudi banks under coverage.
US-based investment manager Neuberger Berman has entered into an agreement with US-based financial services firm Bank of America Corp.'s (NYSE: BAC) Merrill Lynch Alternative Investments LLC alternative investment arm under which Neuberger Berman will acquire the management rights to certain Merrill Lynch traditional non-registered and 40-Act-registered private equity fund of funds, the company said.
Documents released to Sinn Fein's Pearse Doherty showed how Merrill Lynch estimated the bill at between [euro]6.5billion and [euro]16.4billion.