Merrill Lynch
Merrill Lynch
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This article is about Merrill Lynch as an independent company prior to its January 2009 acquisition by Bank of America and its continuing existence as the wealth management division of Bank of America. For the corporate and investment banking division of Bank of America, see Bank of America Merrill Lynch
Merrill Lynch Type
Subsidiary of
Bank of America
Industry Finance and Insurance
Founded 1914 (as Charles E. Merrill & Co.)[1]
Founder(s) Charles E. Merrill
Edmund C. Lynch
Headquarters Four World Financial Center
250 Vesey Street
New York, New York United States
Area served Worldwide
Products Financial Services
Investment management
Employees 60,000 (2008)
15,100 (Financial Advisors 2010)
Parent
Bank of America
Website ML.com
Merrill Lynch[2] is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets, it is the world's largest brokerage.[3] Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York Stock Exchange under the ticker symbol MER. Merrill agreed to a purchase by Bank of America on September 14, 2008, at the height of the 2008 Financial Crisis.[4] It ceased to exist as a separate entity in January 2009.[5]
Merrill Lynch is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan.
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History
Founding and early history
The company was founded on January 6, 1914, when Charles E. Merrill opened his Charles E. Merrill & Co. for business at 7 Wall Street in New York City. A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. At that time, the firm's name included a comma between Merrill and Lynch.[6] In 1916, Winthrop H. Smith joined the firm.
Merrill Lynch logo c.
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article is about Merrill Lynch as an independent company prior to its January 2009 acquisition by Bank of America and its continuing existence as the wealth management division of Bank of America. For the corporate and investment banking division of Bank of America, see Bank of America Merrill Lynch
Merrill Lynch Type
Subsidiary of
Bank of America
Industry Finance and Insurance
Founded 1914 (as Charles E. Merrill & Co.)[1]
Founder(s) Charles E. Merrill
Edmund C. Lynch
Headquarters Four World Financial Center
250 Vesey Street
New York, New York United States
Area served Worldwide
Products Financial Services
Investment management
Employees 60,000 (2008)
15,100 (Financial Advisors 2010)
Parent
Bank of America
Website ML.com
Merrill Lynch[2] is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets, it is the world's largest brokerage.[3] Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York Stock Exchange under the ticker symbol MER. Merrill agreed to a purchase by Bank of America on September 14, 2008, at the height of the 2008 Financial Crisis.[4] It ceased to exist as a separate entity in January 2009.[5]
Merrill Lynch is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan.
•
History
Founding and early history
The company was founded on January 6, 1914, when Charles E. Merrill opened his Charles E. Merrill & Co. for business at 7 Wall Street in New York City. A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. At that time, the firm's name included a comma between Merrill and Lynch.[6] In 1916, Winthrop H. Smith joined the firm.
Merrill Lynch logo c.