Bank of America to double adviser force in wealth push

Pedro Gonçalves
clock • 2 min read

Bank of America Private Bank is looking to hire more advisers to cater to the ultra-wealthy with at least $3m to invest after adding 64% more households in 2019 to its list of clients. By the end of this year, Bank of America Corp's private banking arm aims to double its adviser force from 2014 levels to 600 and expand to 40 markets from 20 in 2017. "We've made a massive investment in the business from a technology standpoint, people and real estate,"  Katy Knox, president of Bank of America Private Bank, told Reuters. "Now, it's really making sure that our folks can hit the ground ru...

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