Wealth and Asset Management
BofA eyes moderate asset growth for wealth management division – report
Bank of America’s (BofA) wealth management branch is setting its sights on medium-term net new asset growth of 4% to 5%, according to statements from executives at the bank’s latest investor presentation, as reported by Reuters. Merrill Wealth Management co-president Eric Schimpf stated that pre-tax margins could expand between 4%…
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