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BofA Wealth Unit's Profits Jump 10%

News April 16, 2024 at 05:21 PM
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What You Need To Know

  • Total client assets for Merrill Lynch neared $3.4 trillion, while BofA Private Bank assets were roughly $663.7 billion.
  • Merrill gained about 7,300 net new client relationships in the first quarter, in line with the two prior quarters.
  • The executives said demand is growing for different support services among high- and ultra-high-net-worth clients.
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