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FAMILY OFFICES Client Initiative
BANK OF AMERICA PRIVATE BANK
Family Office of the Future
In the spring of 2022, Bank of America relaunched its family office services group. Previously an ala carte offering based on client inquiries, the family office services group is now a streamlined offering designed to serve the family offices of the future. The new offering draws on the Private Bank’s 100+ years of experience, while also incorporating features appealing to family offices today, including industry-leading digital capabilities, customizable reporting & analytics and next gen planning. The firm established a Center for Excellence focused on Next Generation Planning to better facilitate a smooth transition for clients. From the very start of a relationship, we assist clients in developing a 100-year plan, account for financial capital, human capital, and the infrastructure requirements to support their multigenerational legacy.
Bank of America Private Bank has been serving the needs of ultra-high net worth individuals, families and institutions for generations. It is one of the oldest and largest private banks in the U.S., with more than 4,000 professionals in more than 100 offices managing more than $564 billion in client balances. Bank of America Private Bank combines a boutique client experience with access to extensive resources to help its clients manage the complexities of wealth. From broad-based investment management, management of customized trusts, administration of complex estates, and fully outsourced-family office capabilities, our Family Office clients have access to any solution they need backed by the intellectual capital of one of the world’s largest financial services firms. We take a team approach to establish a deep understanding of our clients, their objectives, and their values to create customized strategies that align with what’s most important to them.
privatebank.bankofamerica.com
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*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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