Merrill Lynch Private Banking and Investment Group Explores When, Why and How the Wealthy Pass on Assets and How Much Is Too Much to Give
The great transfer of intergenerational wealth now underway raises
concerns in some wealthy families that it could do more harm than good
for the next generation, according to a new report published today by
Merrill Lynch’s Private Banking and Investment Group.
The report, “How
Much Should I Give to My Family? On the risks and rewards of giving,”
is based on findings of a nationwide survey of 206 high net worth
parents and is themore...
National Presenting Sponsor of the Komen Race for the Cure Also Contributing $3 Million Through Pink Ribbon Banking Products
Susan G. Komen® and Bank of America today announced the renewal of their long-standing partnership through 2020, with Bank of America pledging $3 million from its Pink Ribbon Banking products. The bank will also continue its sponsorship of fundraising events as National Presenting Sponsor of the prestigious Susan G. Komen Race for the Cure® series in the U.S.The Bank of America-Komen partnership has raised more than $6 million since 2009 for breast cancer research and programs. Through themore...
Despite Challenges, Small Business Owners Still Optimistic About the Future, Embrace Self-Sacrifice, Prioritize Employees and Customer Relationships
Seven years after the “Great Recession,” two-thirds (64 percent) of
small business owners report their businesses are still in the process
of recovering, according to Bank of America’s spring
2015 Small Business Owner Report. The report, based on a semi-annual
survey of 1,000 small business owners across the country, says that only
one in five (21 percent) small businesses state they have completely
recovered from the recession.more...