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Merrill Lynch’s monetary advisor head depend grew by about 175 in 2023, whereas the Financial institution of America wealth administration unit and its non-public financial institution collectively noticed a forty five% improve in ultrahigh-net-worth shoppers, the corporate mentioned Friday when it reported fourth-quarter earnings.
Throughout Merrill and the non-public financial institution, the agency added round 40,000 new shoppers in 2023, breaking an organization document set in 2019, in keeping with Eric Schimpf, president and co-head of Merrill Lynch Wealth Administration.
On…
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