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BofA to change brokerage fee disclosures

Starting February, Bank of America Corp. will more clearly disclose the fees for a range of services — including trading commissions, ATM usage and investment advice — offered by its Merrill Lynch wealth management business, Reuters reported Jan. 31. The change will start in a few days when the bank sends out its January client statements.

The changes were based on what clients wanted to see, bank spokeswoman Susan McCabe told the news agency in a statement.