Bank of America Merrill Lynch and Wells Fargo wealth divisions see 10% revenue growth as firms target high-net-worth clients ...

An 11-person Long Island-based team with $1.8 billion in managed assets is joining Wells Fargo from Merrill, while Merrill is acquiring a $800 million Rhode Island-based trio from UBS. The Melville, N ...

Apart from a downtick in asset flows, Merrill Wealth Management and the BofA Private Bank posted a solid fourth quarter.

Meta has landed one of Wall Street’s most connected dealmakers. Dina Powell McCormick, the former Goldman Sachs executive ...

Merrill’s new hires include an advisor who previously worked at the firm before the financial crisis.

Marjorie Merriweather Post liked to live large. Really large. The world knew the size of her fortune, the length of her yacht and the speed of her Vickers Viscount turboprop jet with its Rolls-Royce ...

Mark Armbruster used to know most of the other owners of wealth-management firms in the Rochester, N.Y., area. Now, a spate of recent dealmaking has resulted in many competitors being bought by out-of ...

Silicon Valley, the innovation hub of the world and home to some of the most successful tech companies, could soon turn into a ghost town — at least that’s the dire warning from billionaire hedge fund ...

What would Democrats in Sacramento do if they didn’t have billionaires to pay their bills? The prospect is suddenly occurring to Gov. Gavin Newsom as a union-backed referendum for a wealth tax risks ...

Silicon Valley’s wealthiest residents are once again threatening to leave California, this time over a proposed state wealth tax that tech founders warn could fundamentally reshape where innovation — ...

It’s uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk. By Ryan Mac Theodore Schleifer ...