Bank of America said it plans to invest its wealth management business and add more financial advisors in 2012.
The plan comes after Bank of America added 1,697 financial advisors in 2011. Even as the company sets out on a second round of cost-cutting as part of its Project New BAC, CEO Brian Moynihan told financial analysts late last week that the company considers wealth management one of its core businesses – and will increase efforts to build it up.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access