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Merrill Lynch Wealth Management has named Lindsay Hans and Chandler Root to division executive roles.

Brian Ach/AP Images for Bank of America Merrill Lynch This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Merrill Lynch Wealth Management is overhauling its storied financial-advisor training program.  The firm said it would ban cold calling, shorten the program, and aim for high graduation rates.  Merrill paused trainees cold calls last year after a spate of outreach-related vio...

ablokhin/Getty Images Issues in Merrill Lynchs massive pipeline for financial advisors are weighing on trainees morale. Advisors in training have faced months of mixed messaging about prospecting, people say. Bank of Americas wealth management unit is among the largest in the US, overseeing trillions. Restrictions on Merrill Lynch Wealth Management financial advisors in training are stretching into a ninth month and have shown no signs of lifting. An unprecedented ...

StandUp Wireless Helps Customers in Texas Devastation The Lifeline wireless company gives unlimited talk/text and 4.5 GB of data to Texas customers during severe winter storms News provided by Share this article Share this article NORCROSS, Ga., Feb. 19, 2021 /PRNewswire/ -- StandUp Wireless announced today that it will give all Texas customers unlimited talk and text and 4.5 GB of data for 30 days in response to the devastation caused by severe winter storms. StandUp Wireless customers will b...

The hold in trainees client prospecting activity can have a meaningful impact on trainees morale. If advisors-in-training are not able to build their networks and books of business, their progress can be stunted.  The person familiar with the matter, who requested anonymity to speak freely, said some trainees are frustrated and "in limbo." The program trains some 3,000 to 3,500 at any one time.  The Financial Advisor Development Program (FADP) and ones like it across Wall Street generally hav...