Merrill (company)

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Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American multinational investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial advisors and manages $2.8 trillion in client assets ($3.4 trillion for Global Wealth and Investment Management). The company also operates Merrill Edge, an electronic trading platform that had $500 billion in assets from 4 million clients as of January 2025. After suffering a wholesale funding and liquidity crisis during the 2008 financial crisis, in September 2008, on the same weekend as the bankruptcy of Lehman Brothers, Merrill, then led by John Thain, agreed...

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