Merrill Lynch continued to expand ultra-high-net-worth client base in Q2 of 2025, even as market turbulence and seasonal headwinds dampened as flows.
Trump tempered reports from earlier in day that suggested he planned to fire Fed Chair Jerome Powell imminently.
M&A activity among RIAs off to record-breaking for 2025, setting stage for what could become the most active year yet for deal-making in the space.
Profits at Goldman Sachs (GS) surged in the second quarter as the Wall Street giant benefited from a boost in trading and dealmaking.