https://riabiz.com https://riabiz.com/a/2026/9/29/merrill-lynch-creates-hefty-new-data-and-shelf-fees-and-offers-third-party-managers-who-pay-them-a-leg-up-when-its-thundering-herd-recommends-investments-but-stops-short-of-leveling-the-playing-field-analysts-say RIABiz en 2026-09-29T03:19:21.687000+00:00 Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments -- but stops short of leveling the playing field, analysts say