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

  • Financial employees join migration to the Sunshine State
  • State accounts for 10% of client growth in past 4 years
WATCH: Merrill Lynch Wealth Management President Andy Sieg discusses the Florida expansion.(Source: Bloomberg)
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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.