Continuing its plan to nearly double the number of Financial Solutions Advisors serving mass affluent clients by year-end to 1,000, Bank of America (BAC) announced Wednesday that it hired more than 80 FSAs across the Northwest region.
The new FSA hires in San Francisco, San Jose, Calif., Sacramento, Calif., and Las Vegas will serve BofA’s Preferred customers–those with investable assets of $50,000 to $250,000—and increases the total number of FSAs in the Northwest region to nearly 120.
On Sept. 19, Merrill announced that it had added 180 more advisors to Merrill Edge, with the bulk of the new hires joining Merrill’s advisory center in Hopewell, N.J. In August, Merrill hired 38 FSAs in and around Washington, D.C., Baltimore and Philadelphia.