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U.S. Trust Executives to Discuss Changing Global Dynamics at 2013 Aspen Ideas Festival

New Opportunities and Risks Emerging for U.S. Investors

Monday, June 24, 2013 11:00 am EDT

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"We are proud to continue our partnership with The Atlantic and the Aspen Institute and have a voice at the festival. We once again look forward to a lively exchange of opinions and observations."

Demographic changes, the movement of capital around the world and related political and economic pressures are changing the nature of global growth and the way in which investors think about risk and return. As entrepreneurs, executives and the intellectually curious gather for the ninth annual Aspen Ideas Festival in Colorado this week, executives from U.S. Trust, Bank of America Private Wealth Management, will translate these long-term, transformative trends into key strategies for investors and the creators and stewards of family wealth.

For the fifth consecutive year, U.S. Trust is the exclusive financial services underwriter of the prestigious Aspen Ideas Festival, a weeklong series of programs, tutorials, seminars and discussion events focused on ideas, issues and intellectual inquiry. The annual Aspen Ideas Festival, presented by the Aspen Institute and The Atlantic, will be held in Aspen, Colorado, from June 26 to July 2, 2013.

At this year’s festival, U.S. Trust will look at trends driving economic change - including a resurgence of American innovation, a slow yet steady shift into equities and rising levels of wealth in emerging markets – that are reshaping the U.S. and world economies and financial markets, as well as impacting when and where individuals and institutions invest. The U.S. Trust 2013 Insights on Wealth and Worth survey found that investors have a more heightened sense of financial security and are seeking growth opportunities, but they are overlooking several key, and often unseen, risk factors.

“The Aspen Ideas Festival brings together visionary leaders from around the world to share their insights and experience and debate a wide range of crucial global issues ranging from economics to education to health care,” said U.S. Trust President Keith Banks. “We are proud to continue our partnership with The Atlantic and the Aspen Institute and have a voice at the festival. We once again look forward to a lively exchange of opinions and observations.”

Three senior U.S. Trust executives will participate in programs during the conference:

  • Opportunities and Hidden Risks in a Transforming World – Keith Banks, president of U.S. Trust, will join Maria Bartiromo of CNBC for a discussion about the new opportunities and risks to wealth that are emerging in the changing landscape of global markets, health care, retirement savings, and generational and family dynamics. (June 27, 8 a.m. MT)
  • How to Finance Projects for the Future – U.S. Trust Chief Investment Officer Chris Hyzy will join fellow panelists Kristian M. Johnson, James E. Rogers, and moderator Andrew Revkin to discuss investing in the future. (June 27, 10:20 a.m. MT)
  • Family Wealth – Is It Really About the Money? – Chris Heilmann, chief fiduciary executive of U.S. Trust, will host a luncheon discussion focused on the complex emotional, lifestyle and financial needs of today’s families, and the comprehensive approach required to help achieve their goals. (June 28, noon MT)

Through these speaking engagements, attendees can expect leaders from U.S. Trust to share compelling findings from the 2013 Insights on Wealth and Worth survey, one of the most in-depth studies of its kind, exploring the attitudes, goals and needs of high net worth and ultra high net worth individuals in the United States. The survey findings reflect the broad spectrum of the wealthy’s values, and reveils the often overlooked risks to family wealth.

Additional information about U.S. Trust insight at Aspen Ideas Festival can be found at www.ustrust.com/aspen.

U.S. Trust
U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization in the United States providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients can also benefit from access to resources available through Bank of America and its affiliates - including capital markets products, large and complex financing solutions, and its extensive retail banking platform. Clients are served by highly experienced advisors who provide a range of specialized family office services, including investments, single-stock management, integrated planning, philanthropic management, succession planning, specialty asset management, financial administration, compliance and family stewardship.

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 52 million consumer and small business relationships with approximately 5,400 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Aspen Ideas Festival
Entering its ninth year, the Aspen Ideas Festival will gather some of the most interesting thinkers and leaders from around the U.S. and abroad to discuss their work, the issues that inspire them, and their ideas. Presented by the Aspen Institute and The Atlantic, the festival is unique in its dedication to dialogue and exchange, and in its commitment to bringing ideas to the public at large. For more information, visit www.aifestival.org.

U.S. Trust operates through Bank of America, N.A., and other subsidiaries of Bank of America Corporation.

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