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BAML Boosts Wealth Management Unit

Bank of America Merrill Lynch, Bank of America Corp.’s retail brokerage unit, has appointed six financial advisers for its wealth management unit.

Bank of America Merrill Lynch (BAML), Bank of America Corp.’s retail brokerage unit, has appointed six financial advisers for its wealth management unit, The Wall Street Journal reports. Jeffrey Dinkins, William McGrath, Peter Ianace, Rohit Mehrotra and Jason Jaynes in Plano, Texas, have been appointed from brokerage joint venture Morgan Stanley Smith Barney.

The team raised about $4.4 million in fees and commissions and handled $478 million in client assets. The bank has also appointed Leonard Kinsman in Staten Island, New York, who generated $1.4 million annually and handled $113 million in client assets. Kinsman was with Wachovia Securities for nearly a year and for more than two years with Wells Fargo after it took over the Charlotte-based bank.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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