Advertisement
Australia markets closed
  • ALL ORDS

    7,974.80
    -27.70 (-0.35%)
     
  • ASX 200

    7,724.30
    -25.40 (-0.33%)
     
  • AUD/USD

    0.6618
    -0.0020 (-0.30%)
     
  • OIL

    78.49
    -0.13 (-0.17%)
     
  • GOLD

    2,348.40
    +30.40 (+1.31%)
     
  • Bitcoin AUD

    100,283.70
    -1,152.95 (-1.14%)
     
  • CMC Crypto 200

    1,403.75
    -14.12 (-1.00%)
     
  • AUD/EUR

    0.6178
    +0.0005 (+0.09%)
     
  • AUD/NZD

    1.0765
    +0.0012 (+0.12%)
     
  • NZX 50

    11,864.89
    -7.75 (-0.07%)
     
  • NASDAQ

    19,659.80
    +82.88 (+0.42%)
     
  • FTSE

    8,146.86
    -16.81 (-0.21%)
     
  • Dow Jones

    38,589.16
    -57.94 (-0.15%)
     
  • DAX

    18,002.02
    -263.66 (-1.44%)
     
  • Hang Seng

    17,941.78
    -170.85 (-0.94%)
     
  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     

Week’s Best: JPMorgan Hires $28 Billion Merrill Lynch Team

Week’s Best: JPMorgan Hires $28 Billion Merrill Lynch Team

JPMorgan Chase’s wealth management unit recently lured away a Merrill Lynch team that oversaw $28 billion in advisor assets and generated about $10 million in annual revenue. One of its leaders, Eric Gray, is a Barron’s Hall of Fame advisor and ranked 48th on our 2024 list of America’s Top 100 advisors. Last weekend Charles Schwab passed an important milestone in its integration of former rival TD Ameritrade, which it acquired four years ago.