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Bank of America Wealth Management: Overview

Bank of America Wealth Management (BoAWM), the wealth management arm of Bank of America, offers a wide range of advisory and planning solutions related to wealth management. It provides comprehensive research and insights, family office solutions, investment and asset management planning and advisory, philanthropy, cash management, business transition, and wealth transfer. The bank also offers impact investing, employee benefits programs, foundation solutions, and cash and liquidity administration. It serves high net-worth individuals, wealthy families, corporate, and institutional clients through branch offices, online portals, and relationship managers. The bank operates in the Americas, Europe, Asia-Pacific, Middle-East, and Africa. BoAWM is headquartered in Charlotte, North Carolina, the US.

Headquarters United States of America

Address Bank Of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina, 28255


Telephone 1 704 3865681

Industry Financial Services

Revenue (2021) $20.7B

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IT Services Contracts

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ICT Spend & Tech Priorities

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Products and Services

Services Brands
Research and Insights: Bank of America Private Bank
Stock Research Merrill Wealth Management
Option Research U.S. Trust
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Corporate Awards In August, the bank was recognized as the Best Private Bank in North America by Global Private Banker.
2020 Contracts/Agreements In February, the company and JetBlue Airways entered into an agreement to implement an accelerated share repurchase programme.
2018 New Products/Services In June, the company introduced its virtual assistant, Erica.
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Competitor Comparison

Key Parameters Bank of America Wealth Management UBS Wealth Management Morgan Stanley Wealth Management Deutsche Bank Wealth Management J.P. Morgan Private Bank
Headquarters United States of America Switzerland United States of America Germany United States of America
City Charlotte Zurich New York City Frankfurt New York City
State/Province North Carolina Zurich New York Hessen New York
No. of Employees - 9,329 - 28,100 -
Entity Type Private Private Private Private Private
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Executives
Name Position Board Since Age
Chris Hyzy Managing Director - Bank of America Private Bank and Merrill Wealth Management; Chief Investment Officer - Bank of America Private Bank and Merrill Wealth Management Senior Management - -
Lorna R. Sabbia Head - Retirement and Personal Wealth Solutions Senior Management - -
Amanda Lasher-Ross Managing Director - Wealth Management Sales Support - RPWS; Head - Wealth Management Sales Support - RPWS Senior Management - -
Kathleen A. Knox President - The Private Bank Senior Management 2017 58
Andrew M. Sieg President - Merrill Wealth Management Senior Management 2017 54
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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