Merrill Lynch’s ‘thundering herd’ of advisers are winning over troves of new millionaires, and the growth is coming from a surprising place

Bank of America Merrill Lynch’s wealth management group has seen explosive client growth in the last year and a half.  Such growth had been tough to come by in recent years as the industry reckoned with a generational shift to passive investing.  Surprisingly, Merrill veterans with more than 30 years of experience were responsible for a significant share of the growth, matching the output of younger advisers who are far less established. Click here

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