Bank of America Wealth Management - Company Profile
Powered by 
All the data and insights you need on Bank of America Wealth Management in one report.
$295
- Save hours of research time and resources with
our up-to-date Bank of America Wealth Management Strategy Report
- Understand Bank of America Wealth Management position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
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 offers comprehensive research and insights, family office solutions, investment and asset management planning and advisory, business transition, philanthropy, cash management, and wealth transfer. The bank also provides 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
Website
www.ml.com/wealthmanagement.html
Telephone
1 704 3865681
Industry
Financial Services
Revenue (2023)
$21.1B
Bank of America Wealth Management premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Research and Insights: | Merrill Wealth Management |
| Stock Research | Bank of America Private Bank |
| Fixed Income Research | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In March, the company announced that the Merrill is offering new income-focused portfolios created to deliver predictable income for retirees over a 25-year period. |
| 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. |
Competitor Comparison
| Key Parameters | Bank of America Wealth Management | Morgan Stanley Wealth Management | UBS Wealth Management | J.P. Morgan Private Bank | Goldman Sachs Private Wealth Management |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Switzerland | United States of America | United States of America |
| City | Charlotte | New York City | Zurich | New York City | New York |
| State/Province | North Carolina | New York | Zurich | New York | New York |
| No. of Employees | - | - | 9,215 | - | 7,422 |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lorna R. Sabbia | Head - Retirement and Personal Wealth Solutions | Senior Management | - | - |
| Kathleen A. Knox | President - The Private Bank | Senior Management | 2017 | - |
| Lindsay Hans | President; Co-Head - Merrill Wealth Management | Senior Management | - | - |
| Eric A. Schimpf | Co-Head - Merrill Wealth Management; President | Senior Management | - | - |
| Amy Littman | Legal Executive - Retail, Preferred, Merrill and Private Bank | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward