In the video below, Fool financial analysts Matt Koppenheffer and David Hanson discuss Bank of America's (BAC +0.38%) Merrill Lynch unit being named the Advisory Solutions Firm of the Year at the 2013 Money Management Institute Industry Leadership Awards. While some may just see this as just another award, Matt gives investors some perspective on this, and tells us why he likes this particular award a bit more than some of the other industry awards, which can end up being just background noise from an investing thesis perspective.
The Latest Feather in Bank of America's Cap
By Matt Koppenheffer and David Hanson – May 1, 2013 at 8:00PM
NYSE: BAC
Bank of America
Market Cap
$390B
Today's Change
(0.38%) $0.20
Current Price
$53.63
Price as of November 11, 2025 at 3:38 PM ET
Could this major award for Bank of America's Merrill Lynch unit be a meaningful driver for investors?
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.