Merrill Lynch today announced it has launched a diversified private account product. Called Consults Diversified Portfolio, it adds to the five specialized private account products that Merrill has offered investors through its private account service, Consults.

Called Consults Diversified Portfolio, the new product is designed to offer a convenient, less volatile product for investors in one package, said Robert Dineen, senior vice president and head of Merrill Lynch’s Managed Solutions Group.

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