In the video below, Fool financial analysts Matt Koppenheffer and David Hanson discuss Bank of America's (BAC 0.20%) 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.
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The Latest Feather in Bank of America's Cap
NYSE: BAC
Bank of America

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 was the GM of Motley Fool Ascent, led The Motley Fool Deutschland, and has been an investor on various Fool services. Matt is a heavy user of AI tools and is working on harnessing them to help Fool members.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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