This Week’s Prime 5: Undertaking Thunder Week 7, First Republic Hires $10-Mln Non-public Financial institution Crew, And Extra

1. Undertaking Thunder Week 7: Merrill Touts New Financial institution of America Rewards Program for Excessive-Web-Value Prospects
   Within the penultimate week, the wirehouse additionally promoted simplified approval for internet hosting seminars and new tax companies to assist brokers “enhance after-tax outcomes” for patrons in Merrill advisory applications.
2. First Republic Lands $10-Mln Trio of Wells Fargo Non-public Bankers
   Group, who moved with two help workers, had overseen round $2 billion in buyer belongings, in accordance with an individual accustomed to their follow. 
3. Morgan Stanley Scoops up $8.9-Mln Citi Crew in New York
   The group contains seven advisors who had managed virtually $1 billion in belongings, in accordance with a supply.
4. Merrill Slows Dealer Attrition, Retains Deal with Inner Progress: Exec
   Financial institution of America’s wealth enterprise notched file income and belongings regardless of steadily declining headcount. 
5. Morgan Stanley Consumer Asset Flows Surge to $135 Billion
   The $300 billion added year-to-date displays the success of a “multi-pronged” method and web constructive recruiting, CEO James Gorman informed analysts.

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