Bank of America says it plans to open 600 more Merrill Edge investment centers, giving it an anticipated total of 2,800 nationwide by 2020. This effort will include adding 300 new Financial Solutions Advisors, so the firm will have 4,000 Merrill Edge representatives by year-end.
Since its launch in 2010, the do-it-yourself online and advised programs have grown to include nearly $185 billion in client assets.
Merrill Edge offers clients access to both do-it-yourself online and advised investing, trading, brokerage and banking services. Since its launch in 2010, Merrill Edge has grown to include $184.5 billion in assets and some 2.4 million accounts.
“Our goal is to serve our clients in ways most convenient to them, and we have both the brick and mortar and the digital presence to do just that,” Aron Levine, head of Merrill Edge at Bank of America, in a statement.
The banks plans to add the 600 new Merrill Edge centers to new and existing Bank of America financial centers.