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By Janet Levaux, AdvisorOne |
January 5, 2012
The move to raise the minimum household asset level to $250,000 comes as the Bank of America unit seeks further ways of increasing profits for its high-net-worth and mass-affluent operations.
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By Janet Levaux, AdvisorOne |
December 12, 2011
Bank of America said Monday that it planned to add 160 Merrill Edge Financial Solutions Advisors in the Southwest by the end of March 2012 and named several managers to help it grow the business in this market.
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By Janet Levaux, AdvisorOne |
November 30, 2011
The latest survey finds that 63% of mass-affluent investors turn to advisors and others for financial guidance, up from 53% about six months ago.
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By Janet Levaux, AdvisorOne |
October 31, 2011
After losing a $1 billion team to Morgan Stanley, Merrill acts, then also hires 27 advisors for Merrill Edge.
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By Janet Levaux, AdvisorOne |
October 13, 2011
Very few wirehouse advisors move to go independent each year, says Chip Roame of Tiburon Strategic Advisors at the group’s San Francisco conference.
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By Janet Levaux, AdvisorOne |
August 31, 2011
Bank of America has hired 38 Merrill Edge advisors serving mass-affluent clients in and around Washington, D.C., Baltimore and Philadelphia. The hiring is part of BofA-Merrill’s plan to nearly double the number of Financial Solutions Advisors to 1,000-plus by year-end.
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By Janet Levaux, AdvisorOne |
July 26, 2011
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By Janet Levaux, AdvisorOne |
June 21, 2011
The mass-affluent group should have 1,000 advisors by year-end
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By Kathleen McBride, AdvisorOne |
July 29, 2010
The list of worries broadens and deepens.