Bank of America Wealth Management - Company Profile

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Bank of America Wealth Management: Segment Analysis

Business Description

Bank of America Wealth Management (BoAWM) provides investment management, banking solutions, brokerage solutions, asset management, wealth structuring, trust services, and retirement products to high net-worth individuals, wealthy families, corporate, and institutional clients. As of December 31, 2023, it reported assets under management of US$1,617.7 billion.

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Business Segments

Overview

Provides comprehensive wealth management solutions for high and ultra-high net worth clients. It also offers wealth structuring, trust and banking, investment management, and speciality asset administration.

Performance

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Overview

Offers investment management, banking, brokerage, retirement products, and research solutions. It serves clients having more than US$250,000 in total investable assets.

Performance

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