In the video below, Fool financial analysts Matt Koppenheffer and David Hanson discuss Bank of America's (NYSE:BAC) 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.

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. Try any of our Foolish newsletter services free for 30 days. 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.