Bank of America’s global wealth and investment management unit posted the best year in its history last year, enjoying record net profits for both the fourth quarter and full year.

Net profits ticked up to $777 million in the fourth quarter of 2013, compared to $576 million in the fourth quarter of 2012. For the full year, they rose 32% from 2012 to $2.97 billion, according to earnings released by the bank on Wednesday.