Merrill's Managed Account Advisors (MAA) platform has surpassed $1 trillion in client assets, marking two decades of growth since its 2006 launch. The platform helps advisors efficiently build and manage personalized investment portfolios at scale, integrating insights from Bank of America and third-party managers. MAA supports tailored, tax-aware strategies and continues to evolve with new tools to enhance portfolio customization and advisor flexibility. This milestone highlights MAA's role in transforming wealth management by freeing advisors to focus more on client relationships.
Bank of America announced it will redeem all outstanding $2 billion of its 5.526% Senior Bank Notes and $600 million of its Floating Rate Senior Bank Notes on July 17, 2026. The redemption price will be 100% of the principal plus accrued interest up ...
Bank of America offers a convertible preferred security, BAC.PR.L, with a high current dividend yield of approximately 5.74%, significantly above the common stock yield of about 1.87%. The bank's strong capital ratios and preferred dividend coverage ...
Major US banks including JPMorgan, Bank of America, Wells Fargo, and PNC have held talks about acquiring a payment network owned by fintech company Fiserv. This move aims to bypass the 2010 Dodd-Frank law's Durbin amendment, which caps debit-card fee...
