Merrill Lynch client balances climb 31% year over year
While assets increased, adviser head count at the thundering herd dipped. The company is looking to expand in key markets like San Francisco, Florida and another half-dozen locales.
Merrill Lynch, the vast wealth management arm of Bank of America Corp., reported a 2.9% annual decrease to its overall registered rep and financial adviser head count, at the same time indicating a desire to hire experienced financial advisers in key locations on both coasts.
As part of Bank of
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