It would not appear as though the masses are exiting BofA’s Merrill’s Wealth Management even though MSSB snatched a star producer from Merrill.
Just in the last month, they have picked up 80 new Merrill Edge Financial Solution advisors from California and Nevada. And now they’ve added 27 more in the Southeast U.S.
Their goal? An increase of 1,000 Financial Solution advisors by years end. According to division manager, David Giancola, “We think this is a huge growth market for us.” Read more.