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At Bank of America, the new disclosures are among the first public changes enacted under Andy Sieg, 49, who succeeded John Thiel as head of the Merrill Lynch wealth-management business. (Photo: AP)

(Bloomberg) — Bank of America Corp., which has said it will stop offering commission-based retirement accounts as it prepares for new regulations, also plans to more clearly disclose fees that clients pay to the firm’s 14,000 financial advisers.

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