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Tuesday, January 11, 2011

US Trust adds 5 more advisers, build-out continues, (NYSE: BAC)

U.S. Trust on Tuesday again bulked up its private wealth management ranks, adding five more financial advisers in Virginia, New York and Florida. The hires come a day after the Bank of America Corp (BAC.N) unit hired five high-net-worth advisers in Texas and Chicago. The appointments are "part of an aggressive talent acquisition campaign" to broaden its capabilities in more parts of the United States, U.S. Trust said. The unit has now added about 70 advisers and other executives since last July.