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TRUSTS
BANK OF AMERICA PRIVATE BANK
#1 in personal trust AUM and market share, Bank of America Private Bank has a long tenure as an industry-leading provider of trust solutions (FDIC Call Reports, as of 12.31.22). With market volatility and an $84.4T wealth transfer in play, a solid estate plan is critical to the short and long-term financial health of our clients and their heirs. Analysis of our HNW & UHNW Merrill clients revealed an under penetration in trusts, and an opportu- nity to extend our wealth planning tools to a broader cross-section of Bank of America clients. By using trusts as an entry point for estate planning discussions, we’re helping to better protect a client’s wealth and see it successfully passed to the next generation. Trust Business Support Model
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. 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. A client’s team includes a private client advisor and/or private client manager, trust officer, portfolio manager and additional support from specialists in wealth strategy, philanthropy, credit, banking, and family office services.
privatebank.bankofamerica.com
253 WealthManagement.com
*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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