Indagare Offers Luxury Travel Experiences to Bank of America Clients
Bank of America today announced the availability of exclusive travel experiences for ultra-high-net-worth clients through Indagare, a members-only, boutique travel-planning company. The relationship offers clients, including Merrill and Private Bank clients, behind-the-scenes access to unforgettable locations, as well as unique virtual experiences.
“We are always looking for new ways to reward our clients who have built a deep relationship with us,” said Andy Sieg, president of Merrill Wealth Management. “Indagare enables us to deliver one-of-a-kind adventures and to take the benefits of Bank of America Preferred Rewards membership to the next level with memorable experiences.”
This relationship with Indagare was formed as part of the most recent enhancements to Bank of America’s Preferred Rewards program, which has nearly 10 million members and offers benefits and perks based on a client’s overall relationship with Bank of America and Merrill. The company recently unveiled two new program tiers for high-net-worth and ultra high-net-worth clients. Indagare travel experiences are available exclusively to Diamond Honors members—clients with $10 million and more across their Bank of America banking and Merrill investing balances. Qualified clients can register for these unique experiences through their Merrill or Private Bank advisor teams, or by visiting the Preferred Rewards page for Diamond and Diamond Honors members.
“Our clients often share their passion for travel with us, and the desire to fill their leisure time in meaningful ways,” said Katy Knox, president of The Private Bank. “Through this new relationship, we’re helping clients create unforgettable experiences and life-long memories with their families and loved-ones.”
According to new data from The Bank of America Institute, despite challenges from higher inflation, households continue to spend at a healthy pace, with spending on services such as travel, leisure and entertainment continuing to grow year-over-year. Growth in airline spending by higher income earnings is particularly strong, up more than 50% year-over-year in May 2022, due to pent-up demand for travel and entertainment services1.
“We are thrilled to be associated with the category leading Preferred Rewards program to bring these extraordinary travel experiences to Bank of America clients,” said Melissa Biggs Bradley, Founder and CEO of Indagare. “Each one has been designed to unlock special access and offer unique perspectives that surprise and delight—and redefine the way we experience the world and our place in it.”
Indagare experiences transport Bank of America clients to incredible settings around the world—either in person or virtually. For examples:
Indagare is a members-only boutique travel-planning company that inspires and empowers people to change their lives and positively impact the world through travel. The company offers curated content, customized trip-planning and small group trips around personal passions, helping members realize their travel visions by designing unforgettable itineraries and by unlocking behind-the-scenes access and perks they can’t find anywhere else—and delivering them in-person and across digital, video, social, print and partnerships. Founded by top travel expert Melissa Biggs Bradley, Indagare leverages its global network to create extraordinary experiences and a lifetime of meaningful journeys for sophisticated travelers, influencers and opinion leaders who crave new experiences and care deeply about how travel shapes their legacy. #howyoutravelmatters
For more information, visit indagare.com.
Bank of America is one of the world’s leading 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. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,100 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 54 million verified digital users. Bank of America is a global leader in wealth management, 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 households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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To enroll in the Preferred Rewards program, you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:
You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Bank of America Private Bank clients qualify to enroll in the Diamond tier and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements.
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Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Andy Aldridge, Bank of America
Julia Ehrenfeld, Bank of America
1 Higher income earnings are those households with annual income >$125K