Bank of America has hired approximately 40 "financial solution advisors" to work in its Mid-Atlantic region, including Washington, D.C., Baltimore and Philadelphia markets, the company disclosed Tuesday.
BofA says the hiring is part of the company's plan to nearly double its count of financial solution advisors to more than 1,000 nationally by the end of 2011.
The advisors are to serve the company's "preferred customers" -- those with investable assets of $50,000 to $250,000. BofA says it does business with more than 8 million preferred customers.
BofA has appointed Tony Burns to manage the company's financial program for the region.
"By adding FSAs in the banking centers, we offer customers the benefit of in-person attention from a specialist who can help them meet their entire financial needs across banking and investing," said Burns, who is Merrill Edge mid-Atlantic regional sales manager.