Trust about investment memo
The bank is willing to maintain existing positions in brokerage accounts, but not in fee-based advisory accounts. The bank issued its policy on the trust days before the initial futures contracts began trading on Dec. Sign Up. Merrill Lynch said to include bitcoin trust in broader ban on investments. January 04,a.
The firm enforced these rules a couple of days before the launch of the first Bitcoin futures.
The Wall Street Journal reported the decision earlier on Wednesday. How bitcoin divides financial leaders. By James Thorne. Advisors are being easy money making ideas for 12 year olds with calls about bitcoin. By Suzanne Woolley. Invest Insights.
Firm has already denied clients access to the bitcoin futures markets
Michael Lewis calls it a "pump-and-dump" scheme. Liz Ann Sonders says it's "the next kale. By Suleman Din. Laura J. CFP Board overhauls governance as part of ongoing changes. By Tobias Salinger.
Voya steered business to white agents, Black advisors say in lawsuit. Raymond James reorganizes custody unit amid changing marketplace. By Jessica Mathews. UBS changes how it calculates advisory fees. By Andrew Welsch.
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Merrill aims to foster new advisor merrill lynch memo about bitcoin investment trust from within BofA's ranks. Charles Schwab. Schwab sets closing date for TD deal after clearing last hurdle.
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