Merrill Awarded Record Hiring Bonuses to L.A. Team, Sources Say

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Bank of America’s Merrill Lynch wealth management unit is said to have awarded a possible record-breaking hiring bonus to a Los Angeles team of financial advisers headed by Bruce Munster, sources told Fox Business Network. Merrill structured a deal that could pay Munster and his team more than $20 million to jump ship from Morgan Stanley, sources said.

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