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U.S. Trust

9/19/17 9:00 am EDT

Business owners say the most compelling reason for owning a company is to take control of their own destiny, yet the fate of their business and financial security is left to chance by not anticipating potential disruptions at every stage, according to a new survey published today by U.S. Trust. The findings show that entrepreneurs worry most about business and personal risks that are within their control but surprisingly they neglect to address. 

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6/13/17 9:00 am EDT

The 2017 U.S. Trust Insights on Wealth and Worth® survey released today found that generational diversity is a source of both tension and innovation in families and businesses. Millennials are challenging traditional approaches to investing, philanthropy and pursuit of life and career goals, but family traditions and financial support are the foundations of success and multi-generational family wealth planning. more...

2/14/17 9:00 am EST

Bank of America today announced that it is enhancing how it engages with clients interested in pursuing positive environmental and social outcomes through impact investing. For several years, client-facing professionals from the company’s Merrill Lynch Wealth Management, U.S. Trust and Merrill Edge businesses have been winning and deepening relationships through goals-based conversations. During these meaningful discussions, clients are more...

10/25/16 9:00 am EDT

Most wealthy individuals believe charitable giving (45 percent) and volunteering (31 percent) have the greatest potential for positive impact on society –far more so than voting for (13 percent) or contributing to (1 percent) a political candidate who shares their ideals on topics important to them – according to the 2016 U.S. Trust® Study of High Net Worth Philanthropy. more...

5/23/16 9:00 am EDT

In its annual survey of high net worth business owners, U.S. Trust found that business ownership can be challenging, but most entrepreneurs wouldn’t consider any other line of work and have personally invested themselves and their families in their businesses. While there are distinct differences between younger and older owners, entrepreneurs of all ages share a strong desire to control their own destiny. more...

5/23/16 9:00 am EDT

The 2016 U.S. Trust Insights on Wealth and Worth® survey released today found 10 common success traits that create a picture of modern day wealth in America. more...

12/14/15 10:00 am EST

U.S. Trust today launched a new component of its proprietary and customizable Socially Innovative Investing (S2I) strategy. The Carbon Reserve-Free Strategy (CRF) offers investors who want to express their environmental values the opportunity to invest in a portfolio that excludes companies that own, extract, distribute and/or process carbon reserves, as well as first-order users including the utilities and energy sectors.

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10/22/15 12:15 pm EDT

A new Merrill Lynch study reveals a potential giving surge in the United States over the next two decades valued at an estimated $8 trillion, due to the aging baby boomer generation, increasing life expectancy and high rates of giving among retirees.

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10/1/15 9:30 am EDT

U.S. Trust, Bank of America Private Wealth Management, today announced it will sponsor a series of events throughout Maryland, Northern Virginia and Washington, D.C. focused on charitable giving strategies and experiences. Beginning this month and through the remainder of the year, these invitation-only events will bring together wealthy donors and nonprofit organizations from across the region to learn and discuss ways to achieve greater impact more...

7/13/15 9:12 am EDT

Andy Sieg, head of Global Wealth and Retirement Solutions for Bank of America Merrill Lynch, will join President Barack Obama and a community of advocates, experts, local leaders, and older Americans today to discuss the changing landscape of longevity at the White House Conference on Aging. more...

6/23/15 9:00 am EDT

Many business owners are not taking enough steps to protect their personal and family’s financial assets, according to a study of business owners and entrepreneurs by U.S. Trust. The survey also shows that business owners struggle with competing priorities across their work, personal, and financial lives, which can take a toll on their health.

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5/28/15 11:30 am EDT

The 2015 “U.S. Trust Insights on Wealth and Worth®” survey released today identifies what the wealthy consider to be important elements of a life well-lived, ranking health, family and financial security as essential. While the vast majority of respondents feel they are on the right path, eight in 10 identified at least one area of their lives, such as giving back and pursuing passions, that needs greater attention to make their life more more...

5/7/15 10:00 am EDT

There has been significant sale activity seen in the private company space over the last few years as baby boomers head into retirement, yet many highly successful entrepreneurs are not well-prepared to give up ownership of their companies, or for what comes next, according to a new paper published today by Columbia Business School and U.S. Trust.

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11/25/14 8:00 am EST

Bank of America’s Global Wealth and Investment Management (GWIM) division today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI) on behalf of its discretionary asset management businesses. The unit (GWIM) is comprised primarily of Merrill Lynch Wealth Management and U.S. Trust.

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10/21/14 8:00 am EDT

Among wealthy households, the average amount given to charity last year increased 28 percent, according to the 2014 U.S. Trust® Study of High Net Worth Philanthropy. Through an ongoing partnership with the Indiana University Lilly Family School of Philanthropy, the fifth in this series of biennial studies reveals a strong commitment to charitable causes among high net worth households. This positive trend is seen in several findings, including more...

10/7/14 10:00 am EDT

Bank of America today announced enhancements to its Charitable Gift Fund designed to help donors increase the efficiency and strategic impact of their charitable giving. One of the industry’s largest and fastest-growing donor-advised funds, the Fund’s innovative online portal now offers a more intuitive user experience that enables donors to easily research charities, track philanthropic activity and align gifting with personal goals and more...

9/30/14 11:00 am EDT

Bank of America executives will share insights on the latest social impact investing trends this fall through participation in several industry conferences. The events share a common goal of increasing awareness of the growing demand for and industry focus on environmental, social and governance (ESG) investing through an exchange of ideas, innovative approaches and best practices. Leaders from the company’s Global Wealth and Investment more...

6/20/14 9:30 am EDT

The 2014 U.S. Trust Insights on Wealth and Worth® survey released today provides a new, in-depth look at the structurally diverse modern American family and finds the dynamics add complexity to money issues already heightened in families with increased wealth. more...

5/5/14 9:00 am EDT

U.S. Trust, Bank of America Private Wealth Management, is the premium sponsor of the first annual National Forum on Family Philanthropy (ncfp14.org), hosted by the National Center for Family Philanthropy this week in Cambridge, Mass. As part of its support, leading executives from U.S. Trust will offer new insights on the role of women in family philanthropy and growing interest in social impact, values-based and gender lens investing. more...

3/12/14 9:00 am EDT

The booming U.S. energy market, robust housing recovery and strengthening economy are creating growth opportunities for investors of non-financial specialty assets, including farmland, timberland, real estate, private businesses, and oil and gas, according to U.S. Trust. In a report published today on its 2014 outlook for non-financial assets, U.S. Trust’s Specialty Asset Management group said it expects strong performance from the asset class more...

2/26/14 9:30 am EST

U.S. Trust, the private wealth management arm of Bank of America, today announced it has expanded its Financial Empowerment Program to address risks to family wealth in an online world. As part of the expanded program, U.S. Trust has developed interactive learning and discussion guides to help clients and their children or heirs protect the value of their digital assets, online reputation, privacy and security.

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12/30/13 1:25 pm EST

Bank of America Merrill Lynch today announced a social impact partnership with New York State and Social Finance Inc. that resulted in a successful capital raise of $13.5 million to fund a new pay-for-success program. The offering proceeds provided by private and institutional investors will be used to fund a 5 ½-year program focused on comprehensive reentry employment services to 2,000 formerly incarcerated individuals in New York City and more...

12/17/13 11:38 am EST

The chief investment officers of Merrill Lynch and U.S. Trust today released their investment strategy overviews for 2014, including key themes investors should know to align their portfolios with macro trends in a transforming world.

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10/9/13 9:00 am EDT

Professional advisors almost universally agree that philanthropy plays an important role in their high net worth (HNW) clients’ wealth experience, and that engaging clients about their philanthropic ambitions is good for their own business. However, a recent U.S. Trust study reveals several disconnects between HNW individuals and advisors centering on the initiation and substance of philanthropic conversations.

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9/18/13 9:30 am EDT

Business ownership at all ages is thriving as a new generation of young entrepreneurs inherits family wealth, including many of the businesses created by baby boomers, according to findings released today from U.S. Trust’s 2013 Insights on Wealth and Worth. The study of 200 U.S. high net worth business owners found generational differences in the motivation for owning a business but widespread agreement on the biggest challenge to future growth more...