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Global Wealth and Investment Management

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...

6/1/17 9:00 am EDT

Released today, a new study finds that 56 percent of employees are stressed about their financial situation. The latest Bank of America Merrill Lynch Workplace Benefits Report reveals that among those who are stressed, 53 percent say it interferes with their ability to focus and be productive at work. The study also found that employers can play an important role in improving the financial lives of their employees. more...

2/15/17 11:00 am EST

Today, Bank of America Merrill Lynch released a breakthrough new study, which revealed major gaps in retirement readiness. Among pre-retirees, the survey discovered that half don’t have any positive financial role models and consider finance topics too taboo to discuss openly. Furthermore, financial decisions are the most second-guessed of any major life decisions, and people are more concerned about their personal economy than the overall 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...

11/17/16 9:00 am EST

As 401(k) plan engagement continues to rise, new data from Bank of America Merrill Lynch shows how plan design can be critical to encouraging positive savings behaviors, especially among millennial participants. According to the latest Plan Wellness Scorecard1, 24 percent more employees are enrolled and contributing to their company’s retirement savings plan in the first half of 2016 compared to last year, and millennial participants (ages 21–34) generated more contribution rate increase 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...

10/6/16 12:00 pm EDT

Bank of America today announced that John Thiel, current head of Merrill Lynch Wealth Management, has decided to step down from his position and will take on a new role as vice chairman of Global Wealth and Investment Management (GWIM), effective January 1, 2017.

Andy Sieg, current head of the company’s Global Wealth and Retirement Solutions division, will succeed Thiel as head of Merrill Lynch Wealth Management, effective January 1, more...

6/9/16 8:30 am EDT

Companies are embracing and promoting a culture that supports the financial well-being of their workers, as employees responded with increasing enrollment, participation and contributions over the last year, according to data released today from the Bank of America Merrill Lynch Plan Wellness Scorecard.1 Last year, total contributions increased by 14 percent, and the number of employees with balances grew 16 percent. A trend, the number of employees who took a positive savings action, either 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...

5/12/16 9:00 am EDT

A new Merrill Lynch study finds that as the baby boomer generation retires en masse to enjoy newfound freedom of time and activities, an estimated 2.5 trillion hours1 of leisure time will be created among the 65+ population over the next two decades. For the first time in the U.S., more people are in the “time affluent” stage (age 65+) of their life than the “time constrained” stage (ages 35–44). This “leisure boom” will have an unprecedented more...

4/15/16 9:00 am EDT

Three-quarters of wealthy families fail to discuss money and inheritance in ways that avoid misunderstandings and unintended consequences, according to the findings of a nationwide survey published today by Merrill Lynch’s Private Banking and Investment Group.

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4/13/16 9:00 am EDT

A study released today shows that compared to 2013, American workers’ stress about their finances has increased, while confidence in their financial futures has decreased. The latest Bank of America Merrill Lynch Workplace Benefits Report points to employers’ continued adoption of programs that promote financial wellness as a potential key to turning these negative trends around. Eighty-three percent of employees today cite workplace 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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12/10/15 10:00 am EST

Today, new data released by Bank of America Merrill Lynch reveals that more employees are enrolling in their workplace benefit plans and looking to their employers for more access to information, education and assistance in managing their finances. In the first six months of 2015, employee workplace engagement was on the rise with a 44 percent1 increase in the number of employees who enrolled for the first time in their employer’s 401(k) plan, more...

11/10/15 9:30 am EST

Bank of America Merrill Lynch is proud to announce that Cyndi Hutchins, director of Financial Gerontology, has been named to the inaugural PBS Next Avenue’s Influencers in Aging list. To be considered for the list, individuals had to be engaged in improving the lives of older adults through their work or by example. more...

11/9/15 10:00 am EST

Two major hurdles to the broader adoption of impact investing are being cleared by structural changes in the capital markets and new guidance issued by the Department of Labor that makes it easier for retirement plans to offer environmental, social and governance (ESG) solutions to investors planning for retirement.

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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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10/20/15 9:00 am EDT

Bank of America Merrill Lynch was awarded best technology among large firms1 for Merrill Lynch One at the inaugural WealthManagement.com Industry Awards recently held in New York City.

“We’re pleased to be recognized for our innovation in simplifying and improving the client experience,” said Keith Glenfield, managing director and head of Managed Solutions at Bank of America Merrill Lynch. “We remain focused on providing clients more...

10/13/15 10:00 am EDT

Families with wealth that lasts for generations tend to focus on personal values, not just financial assets, according to behavioral finance experts and family wealth dynamics leaders at Merrill Lynch’s Private Banking and Investment Group.

In a paper published today entitled “Creating Meaning from Money,” Merrill Lynch expands on the fundamental idea that building family wealth that lasts requires focus on four sources of capital1 more...

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...

7/13/15 9:00 am EDT

Today, at the 2015 White House Conference on Aging, Bank of America Merrill Lynch will announce the introduction of a groundbreaking longevity training program for human resources (HR) and benefit plan professionals. Developed in partnership with the University of Southern California’s renowned Leonard Davis School of Gerontology, the Bank of America Merrill Lynch Longevity Training Program is designed to drive greater awareness and 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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6/10/15 9:30 am EDT

Merrill Lynch today announced that it has added sustainable impact multi-asset class portfolios to its expanding platform of impact portfolios to serve clients interested in using their investment capital for positive social and environmental purposes. Additionally, the firm will provide its 14,000 financial advisors new resources to help clients understand the impact of their investments in these portfolios.

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