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Merrill Lynch Ramps Up Wealth Unit as Rich Clients Flock to Florida

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Bank of America Corp.’s wealthiest clients are flying south to Florida. It’s meeting them there. Merrill Lynch Wealth Management President Andy Sieg said the unit is intensifying its focus on the Sunshine State. The firm has 20 teams that cater to ultra-high-net-worth individuals there, and plans to double that over…

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