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BofA to offer robo-advising

Bank of America is looking to offer robo-advising option to its team at MerrillLynch financial advisers. The bank said it is seeking opportunity for a robo-advised offering that could complement the advice and guidance offered by its financial solutions advisers. BofA CFO John Shrewsberry said the bank has a number of initiatives underway in that business to modernize and to create service capability to attract new investors and to better serve the investors that the bank have. The bank may roll-out the service in 2016.

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