BofA Introduces Offices For The Over-Serviced

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Bank of America plans to open up an office in New York for customers with more than $50 million in assets to invest, The American Banker said.

Once the bank opens up its first ultra-high-net-worth office in New York it will open up more in Boston, San Francisco, Los Angeles, Chicago, Dallas and in Southern Florida, said Alan Rappaport, who heads the Charlotte-based bank's wealth advisors group, the daily said.

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