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Top related persons:
Bank of America's Merrill Lynch - 1 Iqbal Khan - 1 ” - 1 Khan - 1 Wells - 1 John Mathews - 1 We’ve - 1 Johann Scholtz - 1
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YORK - 1 UBS - 1 Credit Suisse - 1 Bank of America's - 1 JPMorgan Chase's - 1 First Republic Bank - 1 Citigroup - 1 BG Group - 1

Search resuls for: "Bank of America's Merrill Lynch"


2 mentions found


☆ Focus: UBS goes on hiring spree for wealth managers catering to rich Americans
  + stars: | 2023-07-03 | by ( Tatiana Bautzer | ) www.reuters.com   time to read: +4 min
Of those, 30 came after the Credit Suisse deal was announced in March. With the Credit Suisse deal, UBS became the world's second-largest wealth manager. “The U.S. is the largest wealth market globally, and in recent years there has been unprecedented growth," Iqbal Khan, UBS' president of global wealth management, told Reuters. Reuters GraphicsUBS' ranks of financial advisers in the U.S. have swelled by more than 25% in the last three years. “Over the next 20 years, we'll see the greatest transfer of wealth in history," said Khan, who joined UBS from Credit Suisse in 2019.
Persons: Bank of America's Merrill Lynch, Iqbal Khan, ”, Khan, Wells, John Mathews, We’ve, Johann Scholtz, we'll, Tatiana Bautzer, Paritosh Bansal, Lananh Nguyen Organizations: YORK, UBS, Credit Suisse, Bank of America's, JPMorgan Chase's, First Republic Bank, Citigroup, BG Group, Merrill, Reuters, Reuters Graphics UBS, Wealth, Thomson Locations: Wells Fargo, Europe, Asia, U.S, California, Americas, New York
☆ Merrill financial advisor survey shows they love cash and bonds, but hate stocks
  + stars: | 2023-03-08 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +2 min
Almost 400 financial advisors surveyed at Bank of America's Merrill Lynch unit said they favor bonds and cash the most for investment portfolios, with stocks at a "distant third," a report out Wednesday said. Bonds as a percentage of portfolios climbed to 27% when the survey was taken in late January and early February, up from 24% a year earlier. The average allocation to cash climbed to 10% from 7% a year ago, while stocks fell to 57% from 62%. With the surplus cash that's being generated in portfolios, 26% of advisors plan to buy stocks, down from 42% last year. Meanwhile, 29% intend to put the money into bonds and 30% "are happy to remain in cash."
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