Merrill Lands $13B Team from Morgan Stanley's Graystone Consulting

Published on July 31, 2026

Bank of America’s Merrill Lynch bolsters its institutional consulting and wealth management by luring the team from Morgan Stanley's Graystone.

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Consumer Sentiment Hits Five Month High, Improving Over Prelim Estimates

July 31, 2026
Consumer sentiment reached its highest level since March, driven by easing gas prices. The final July reading for the University of Michigan Consumer Sentiment Index came in at 55.2. This marks an 11.5% (5.7 points) increase from June and beat the preliminary reading of 54.4.

People Moves: Cetera Hires RIA Execs from Raymond James, Primerica

July 31, 2026
Also, merchant bank Valeon hires a managing director from Houlihan Lokey, Verdence brings on a financial planning head, and Credent Wealth adds AssetMark’s CEO to its board.