Merrill Lynch plans to hire 'hundreds' of financial advisers

Merrill Lynch plans to add hundreds of advisers to its ranks and build out its branch network in New York and outer boroughs, according to news reports. "The thundering herd will be growing in and around New York City," Andy Sieg, the head of Merrill Lynch Wealth Management, told the New York Post, citing the bank's recent big investments, upgrades and additional space on six floors at 75 Rockefeller Plaza as an encouraging sign. Sieg was speaking in the wake of the unit's quarterly ear...