BofA Wealth Unit's Profits Jump 10%

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.