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Rating:Merrill: A Natural Consolidator? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 10, 2005

Merrill: A Natural Consolidator?

by: Theresa Sim

Merrill Lynch is looking to boost its brokerage business targeting high-net worth investors, reports Reuters.
,br> "We're looking at a variety of ways to grow our company and obviously we have the capital to do that," James Gorman, executive vice president, told Reuters.

Merrill Lynch is a "natural consolidator" in the business, said Gorman.

Investors with Merrill's 14,000 advisors generate an average of $720,000 in revenue.  

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