Eric Schimpf is president and co-head of Merrill Wealth Management, and a member of Bank of America Corporation’s executive management team.
In this role, Eric, along with co-head Lindsay Hans, oversees more than 25,000 employees who provide investment and wealth management strategies to individuals and businesses across the U.S. With $2.8 trillion in client balances as of December 31, 2022, Merrill is among the largest businesses of its kind in the world. Its financial advisors consistently rank at or near the top of various annual industry-wide rankings.
Eric and Lindsay also oversee Bank of America’s Investment Solutions Group, which includes the Chief Investment Office and a wide range of thought leadership, product and portfolio offerings and platforms.
Eric began his career in Merrill Wealth Management as a Financial Advisor in 1994. He served as division executive for the Pacific Coast Division and the co-head of the Enterprise Advisor Development program. Earlier, Eric was the division executive for the Southeast Division which encompasses 11 states and approximately 4,500 employees.
Eric is the enterprise Executive Sponsor for the Bank of America Black Professionals Group. He also previously served as the Executive Sponsor for the Merrill Wealth Management Black/African American Leadership Advisory Council for four years.
Eric is a graduate of the United States Military Academy at West Point. Qualified as an Airborne Ranger, Eric was commissioned as an infantry officer in the United States Army prior to beginning his career at Merrill Wealth Management.