Wealth Units Bank of America’s entire global wealth and investment management operation generated $5.8 billion in revenue in the third quarter of last year, an 8% increase from a year earlier.

Bank of America is bolstering its wealth management team, including tapping Ed Riley as the capital markets head of its Investment Solutions Group. Riley rejoins BofA after six years at Citi Wealth.

Merrill Lynch is adding more resources to help its advisors serve ultrahigh-net-worth clients, a lucrative demographic for the Bank of America wealth unit.

Bank of America provides a wide range of banking and financial services across several segments, including Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global ...

Deep-pocketed investors have adopted a bearish approach towards Bank of America BAC, and it's something market players ...

Bank of America Corp. created a group of specialists ... net-worth advisory group will be housed in the bank’s Merrill wealth-management unit, according to company executives.