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Est. 2026Moves · Money · ManagementNew York

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Moves

Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments – but stops short of leveling the playing field, analysts say

By Oisín Breen · RIABiz ·

The New York wirehouse was slow to move but also benefits as last mover among its peers, analysts explain – it knows exactly how much it can charge asset managers without killing the golden goose.

Summary as published by RIABiz
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