Merrill Lynch tops $500 billion in managed assets
January 25, 1999
Merrill Lynch says its total assets under management exceeded $500 billion at the end of 1998. Assets under management were $501.2 billion as of Dec. 25, 1998, the end of the firm's financial year. The figure is the total amount of assets managed worldwide in the firm's asset management group, which provides products and services to both institutional and retail clients.