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Global Wealth and Investment Management

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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6/2/15 1:30 pm EDT

Merrill Lynch Wealth Management Chief Investment Officer Ashvin Chhabra today published a new book, “The Aspirational Investor: Taming the Markets to Achieve Your Life’s Goals” (HarperBusiness). The book defines a Wealth Allocation Framework that provides financial advisors and their clients a better way to think about investing, starting with a deep understanding of investors’ goals, values and risk appetite.

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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...

5/19/15 9:12 am EDT

Bank of America Merrill Lynch has been rated the nation’s most successful 401(k) plan provider, according to a study by the National Association of Retirement Plan Participants (NARPP), a nonprofit organization and advocate for individual savers in these plans. Findings from NARPP’s second annual Participant FELT Study™ are based on interviews with more than 4,300 active retirement plan participants.

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5/12/15 10:43 am EDT

In 2014, 78 percent of active 401(k) participants who made a change to their plan made a positive one, by either starting or increasing their contributions.

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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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4/30/15 9:00 am EDT

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 the more...

4/28/15 1:00 pm EDT

Merrill Lynch was named “Advisory Solutions Sponsor Firm of the Year” by the Money Management Institute (MMI) for Merrill Lynch Investment Advisory program on the Merrill Lynch One® platform. The award category recognizes the sponsor firm that made a meaningful contribution to innovation within the advisory solutions industry and exemplified overall excellence, achievement and growth. more...

4/16/15 9:00 am EDT

The vast majority of companies (83 percent) today feel a sense of responsibility for the financial wellness of their employees, impacting the benefits, resources and financial education they offer, according to the latest Bank of America Merrill Lynch Workplace Benefits Report. Based on a nationwide survey of 1,020 companies of all sizes, key insights from the annual report include: more...

2/25/15 2:00 pm EST

Sixty-five percent of retirees say they are living in the best homes of their lives, according to a new Merrill Lynch study conducted in partnership with Age Wave. With newfound freedom from work and family restrictions, fewer home-related financial concerns, and unprecedented longevity, retirees are more empowered to pursue a home that fits their desired lifestyle and changing priorities.

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2/18/15 1:00 pm EST

Bank of America today announced the results of a first-of-its-kind study exploring opportunities to use pay-for-success (PFS) programs and other innovative forms of social financing and impact investing to expand social service programs for U.S. military veterans.

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2/5/15 10:47 am EST

Merrill Lynch today announced a series of enhancements to Merrill Lynch Clear®, a pioneering approach that offers a more comprehensive way of helping people navigate to and throughout retirement. Introduced in May 2014, Merrill Lynch Clear modernizes the process of preparing for retirement through an exploration of seven distinct life priorities – including health, home, family, finance, giving, work and leisure – to help achieve desired more...

2/5/15 10:30 am EST

Merrill Lynch and the University of Southern California Leonard Davis School of Gerontology today announced a ground-breaking training program designed to help Merrill Lynch financial advisors and retirement specialists better understand and address the evolving needs of the nation’s aging population and their families.

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2/5/15 10:30 am EST

Merrill Lynch today announced an exclusive relationship with luxury travel network Virtuoso® to provide clients with access to the world’s leading travel advisors. The relationship is part of Merrill Lynch Clear®, a pioneering approach to helping people navigate to and throughout retirement across seven life priorities – one of which is leisure – in order to achieve their desired outcomes. more...

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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11/12/14 10:00 am EST

Bank of America Merrill Lynch Head of Global Wealth and Retirement Solutions Andy Sieg will receive the Chairman’s Award of Distinction from the American Federation for Aging Research (AFAR) this evening at a ceremony in New York City. The award recognizes individuals who have demonstrated outstanding commitment to the field of aging research.

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10/31/14 4:00 am EDT

With 26 social impact bonds (SIBs) currently in operation and dozens more in development globally, the sector is attracting increasing interest from investors seeking to align their values with their investments.

In light of this significant global momentum, a new report launched today by Bank of America Merrill Lynch and Bridges Ventures provides a timely guide to help those involved in the sector set themselves up for success.

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10/23/14 10:00 am EDT

Saving for retirement and health care expenses was a priority for employees of all ages during the first half of 2014, according to the latest Bank of America Merrill Lynch 401(k) Wellness Scorecard. This semiannual report reveals trends in the behaviors of financial benefit plan participants, along with employers’ adoption of 401(k) design features in plans serviced by Bank of America Merrill Lynch.1 Key insights from the new report include more...

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...

9/12/14 12:30 pm EDT

New Merrill Lynch research, conducted in partnership with Age Wave, finds that 81 percent of retirees cite health as the most important ingredient to a happy retirement, followed by financial security (58 percent), loving family and friends (36 percent), and having purpose (20 percent).

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8/20/14 6:47 pm EDT

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. The bonds will pay a 2.32 percent coupon per year for the first five years (stepping up to a maximum final coupon of 8.82 percent per year) more...

6/4/14 4:00 pm EDT

A new landmark study from Merrill Lynch, conducted in partnership with Age Wave, finds that nearly three out of four (72 percent) pre-retirees over the age of 50 say their ideal retirement will include working – often in new, more flexible and fulfilling ways. And with already half (47 percent) of current retirees having worked or planning to work during their retirement years, it will become increasingly common for people to seek work during more...

5/14/14 5:00 pm EDT

An average of 10,000 baby boomers are turning 65 years old every day, and it will remain this way for the next few decades. People are also living longer, in many cases much longer than previous generations. Meanwhile, entitlements are shrinking, family interdependencies are multiplying, and economic uncertainty is widespread. These trends have resulted in unprecedented complexity when preparing for and managing life in retirement, and call for more...