PROFILE: Merrill Lynch and FIS bridge the retail gap

An increasing number of retail investors are buying structured products from their financial advisers and so its hardly surprising that the US investment banks are tapping the retail market by forming partnerships with the external securities brokers and dealers.

FIS formed a partnership with Merrill Lynch’s Global Markets and Investment Banking division, earlier this month. Under the agreement, FIS will distribute Merrill Lynch’s financial products to the Registered Investment Advisors (RIAs)

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