Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly changing

The new Merrill Lynch client associate training underscores different career paths opening up in wealth management as the role of adviser changes.

January 23, 2020   |   View Online »

Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly changing Rebecca Ungarino | The new Merrill Lynch client associate training underscores different career paths opening up in wealth management as the role of adviser changes. Read More »

The alt-data industry faced serious growing pains after its sudden glow up — here's what players in the multi-billion-dollar space can expect for 2020 Bradley Saacks,Dan DeFrancesco | Alt data has been forced to grow up quickly: investors poured in, data powerhouses have carved out their space, and promising companies have flopped. Read More »

Fortress CEO Wes Edens didn't show up to board meetings even as his private-equity firm ran a $115 million tab for managing local newspaper chain GateHouse Casey Sullivan,Bradley Saacks | The billionaire and Milwaukee Bucks co-owner was the chair of the board of New Media — a public media investment firm spun out by his private-equity firm in 2013. Read More »

Bloomberg's alt-data head is starting up a new business at retail consultant Ascential — and it shows how firms can cut out middlemen and sell information directly to hedge funds Bradley Saacks | The new division is a peek into a future where alt-data companies could be skipped altogether in the data consumption process, with the original producer bypassing firms like 1010data, Yodlee, and others. Read More »

JPMorgan is hiring to grow a team that designs tech used by its bankers and clients — and it shows the huge impact fintech is having on Wall Street Dan DeFrancesco | Debra Herschmann, who leads JPMorgan CIB's user experience efforts, spoke to Business Insider about the importance of putting design first. Read More »

UBS had 2 multi-billion-dollar clients pull their money out of its massive Americas wealth business, driving overall fourth-quarter outflows Rebecca Ungarino | One of the clients had an account between $3 billion and $4 billion, while the other was between $1 billion and $2 billion, a person familiar with the matter said. Read More »

Greenlight Capital's David Einhorn is adding to his bet against Netflix and loading up on gold, a new investor letter shows Bradley Saacks | The firm is also loading up on gold as a hedge against the Federal Reserve's large balance sheet and low interest rates. Read More »

The head of professional development at Steve Cohen's Point72 explains how to climb from fresh college grad to portfolio manager at the $16 billion hedge fund firm Bradley Saacks | The $16.1 billion hedge fund manager puts young recruits through a 10-month program called the Academy before they start as analysts. Read More »

How YouTube stars Zane Hijazi and Heath Hussar used their internet fame to sell $590,000 in podcast ads in 3 months Alyssa Meyers | They found mega success on YouTube as members of David Dobrik's Vlog Squad, but had more luck with ad sales on their new podcast. Read More »

A 34-year-old freelancer who quit the job she hated and now makes $200,000 a year debunks 5 of the biggest myths she's encountered about becoming your own boss Morgan Overholt | Graphic designer Morgan Overholt felt underpaid and overworked, so she quit her job and went to work for herself, learning key lessons along the way. Read More »

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