BofA Switches Research Providers

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Bank of America has replaced the equity research from Standard & Poor's used by its financial advisors with a cheaper solution from Best Independent Research, BIR officials tell Inside Market Data.

Rich Furlin, senior vice president and director of marketing at BIR, says the bank's retail division made the transition to BIR's research on August 1 for 3,000 advisors, who use it to recommend investments to their clients.

The advisors access the research via the Web-based Streetscape brokerage a

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