To attract more business from small businesses, Bank of America Merrill Lynch announced Thursday it relaunched a retirement services platform for companies with fewer than 100 employees.
The platform, Advisor Alliance, will allow Merrill Lynch advisors to sell recordkeeping and retirement plan administration services to small business owners. Andy Sieg, the head of retirement and philanthropic services for Bank of America Merrill Lynch [BAC], said that there are opportunities to offer more to the bank’s four million small business customers.
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