As Hurricane Sandy makes landfall in the U.S., wealth management operations of major financial firms including Bank of America, Morgan Stanley and Wells Fargo have shut down certain offices to prepare for the storm, while keeping their advisors in touch with clients remotely.
Bank of America closed an unspecified number of Merrill Lynch Wealth Management offices in New York and mid-Atlantic markets on Monday, while approximately 109 Morgan Stanley Wealth Management offices spanning from Washington, D.C., to the New England region as of 9:30 a.m. Monday morning.
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