Wilmington Trust, the wealth-management arm of M&T Bank Corp., is extending its hiring spree and considering acquisitions of RIAs.
Bank of America Corp. released data on the racial and gender makeup of its Merrill Lynch Wealth Management unit that shows diversity has increased from five years ago.
The conclusions have implications for wealth management, where women represent just 15% of financial advisors.
The bank is pledging $1 billion over four years to address racial injustice and economic inequality.
