July 9, 2026 at 9:00 AM Eastern
Merrill Managed Account Advisors Surpasses one trillion dollars, Celebrates twenty years of Innovation
NEW YORK, New York – Merrill today announced that its Managed Account Advisors L L C (M A A) platform surpassed one trillion dollars in assets, reflecting two decades of growth and innovation. Since its launch in two thousand six, M A A has transformed how advisors deliver personalized investment portfolios at scale for clients across the wealth spectrum.
M A A is an integrated portfolio management platform that serves as a central resource for advisors to implement and manage Managed and Custom Managed Strategies within the Merrill Lynch Investment Advisory Program (I A P). The platform provides access to customizable model portfolios from Bank of America’s Chief Investment Office (C I O), insights from B of A Global Research, and third-party investment managers, while streamlining day-to-day portfolio management.
“Reaching one trillion dollars reflects the impact of M A A over the last two decades,” said Nancy Fahmy, Head of the Investment Solutions Group at Merrill and Bank of America Private Bank. “Today, M A A brings together the breadth of Bank of America Private Bank and Merrill’s investment insights and resources to power millions of client accounts, while freeing up advisors’ time to focus on clients.”
With M A A, advisors remain at the center of the investment process, working with clients to define goals, select strategies, and tailor portfolios to individual needs. M A A provides the infrastructure to implement, oversee, and adjust client portfolios more efficiently. The platform also supports robust reporting and tax-aware investing strategies based on client needs.
Since its inception, M A A has been an industry leader in innovation in managed solutions. M A A was among the first to transition separately managed accounts (S M As) to model-based delivery and among the first to launch custom-managed strategies, enabling advisors to build tailored, multi-sleeve portfolios. M A A capabilities support clients across Merrill, Bank of America Private Bank, and Bank of America Consumer Investments.
“For nearly 20 years, Managed Account Advisors has pioneered how we deliver personalized portfolios at scale,” said John Capelli, Head of Managed Account Advisors at Merrill. “M A A began as an innovative approach to managed solutions and is now a core engine powering how advisors serve clients today.”
Answer: Managed Account Advisors (M A A) is Merrill’s centralized portfolio management platform that helps advisors build, implement, and manage client investment portfolios at scale. It brings together insights from B of A Global Research and strategies from Bank of America Private Bank and Merrill’s C I O and third-party investment managers into a single framework, making it easier for advisors to deliver consistent, personalized portfolios to clients.
Answer: M A A helps advisors deliver a combination of scale, consistency, and personalization. It enables advisors to efficiently implement investment strategies across many client accounts while still tailoring portfolios to individual goals and preferences. This approach can free up time for advisors to focus on client relationships and planning. For clients, M A A provides access to professionally managed strategies, diversification, and tax-aware portfolio management.
Answer: M A A continues to evolve to meet changing client and advisor needs. Future enhancements are focused on expanding personalization, increasing tax-efficient investing capabilities, and adding new portfolio construction tools to give advisors greater flexibility in how they manage client portfolios. As client expectations grow, M A A will continue to innovate to deliver more tailored and efficient investment solutions.
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 nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 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. As the #1 small business lender in the United States (F D I C), Bank of America offers industry leading support to approximately 4 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 more than 35 countries. Bank of America Corporation stock (N Y S E B A C) is listed on the New York Stock Exchange.
Carolyn Batt, Bank of America
Phone: one. six. four. six. nine. eight. three. one. three. six. nine.
carolyn.batt@bofa.com
MAP #8989785
Investing involves risk. There is always the potential of losing money when you invest in securities.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.
The Merrill Lynch Investment Advisory Program is an investment advisory program sponsored by Merrill. Merrill offers a broad range of brokerage, investment advisory and other services.
There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors. For more information about the Merrill Lynch Investment Advisory Program, including our fiduciary responsibilities, you may obtain a copy of the Merrill Lynch Investment Advisory Program Brochure by accessing the S E C website at w w w adviser info dot s e c dot g o v.
The Chief Investment Office (C I O) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. C I O viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N A, (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“M L P F and S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation.
Managed Account Advisors L L C (M A A), a Registered Investment Adviser and an affiliate of M L P F and S, is the overlay portfolio manager for implementing the strategies. M A A implements Merrill’s strategy recommendations in accounts in the Merrill Lynch Investment Advisory Program (I A P), subject to any reasonable client-imposed restrictions, cash flow and other considerations.
B of A Global Research is research produced by BofA Securities, Inc. (“B of A S”) and/or one or more of its affiliates. B of A S is a registered broker-dealer, Member S I P C and wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”).
Bank of America Private Bank is a division of Bank of America, N A, Member F D I C and a wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”). Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “M L P F and S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of B of A Corp. M L P F and S is a registered broker-dealer, registered investment adviser, Member S I P C and a wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”).
Banking products are provided by Bank of America, N A and affiliated banks, Members F D I C and wholly owned subsidiaries of Bank of America Corporation.
Investment products
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
July 9, 2026 at 9:00 AM Eastern
Merrill Managed Account Advisors Surpasses one trillion dollars, Celebrates twenty years of Innovation
NEW YORK, New York – Merrill today announced that its Managed Account Advisors L L C (M A A) platform surpassed one trillion dollars in assets, reflecting two decades of growth and innovation. Since its launch in two thousand six, M A A has transformed how advisors deliver personalized investment portfolios at scale for clients across the wealth spectrum.
M A A is an integrated portfolio management platform that serves as a central resource for advisors to implement and manage Managed and Custom Managed Strategies within the Merrill Lynch Investment Advisory Program (I A P). The platform provides access to customizable model portfolios from Bank of America’s Chief Investment Office (C I O), insights from B of A Global Research, and third-party investment managers, while streamlining day-to-day portfolio management.
“Reaching one trillion dollars reflects the impact of M A A over the last two decades,” said Nancy Fahmy, Head of the Investment Solutions Group at Merrill and Bank of America Private Bank. “Today, M A A brings together the breadth of Bank of America Private Bank and Merrill’s investment insights and resources to power millions of client accounts, while freeing up advisors’ time to focus on clients.”
With M A A, advisors remain at the center of the investment process, working with clients to define goals, select strategies, and tailor portfolios to individual needs. M A A provides the infrastructure to implement, oversee, and adjust client portfolios more efficiently. The platform also supports robust reporting and tax-aware investing strategies based on client needs.
Since its inception, M A A has been an industry leader in innovation in managed solutions. M A A was among the first to transition separately managed accounts (S M As) to model-based delivery and among the first to launch custom-managed strategies, enabling advisors to build tailored, multi-sleeve portfolios. M A A capabilities support clients across Merrill, Bank of America Private Bank, and Bank of America Consumer Investments.
“For nearly 20 years, Managed Account Advisors has pioneered how we deliver personalized portfolios at scale,” said John Capelli, Head of Managed Account Advisors at Merrill. “M A A began as an innovative approach to managed solutions and is now a core engine powering how advisors serve clients today.”
Answer: Managed Account Advisors (M A A) is Merrill’s centralized portfolio management platform that helps advisors build, implement, and manage client investment portfolios at scale. It brings together insights from B of A Global Research and strategies from Bank of America Private Bank and Merrill’s C I O and third-party investment managers into a single framework, making it easier for advisors to deliver consistent, personalized portfolios to clients.
Answer: M A A helps advisors deliver a combination of scale, consistency, and personalization. It enables advisors to efficiently implement investment strategies across many client accounts while still tailoring portfolios to individual goals and preferences. This approach can free up time for advisors to focus on client relationships and planning. For clients, M A A provides access to professionally managed strategies, diversification, and tax-aware portfolio management.
Answer: M A A continues to evolve to meet changing client and advisor needs. Future enhancements are focused on expanding personalization, increasing tax-efficient investing capabilities, and adding new portfolio construction tools to give advisors greater flexibility in how they manage client portfolios. As client expectations grow, M A A will continue to innovate to deliver more tailored and efficient investment solutions.
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 nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 A T Ms (automated teller machines) and award-winning digital banking with approximately 59 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. As the #1 small business lender in the United States (F D I C), Bank of America offers industry leading support to approximately 4 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 more than 35 countries. Bank of America Corporation stock (N Y S E B A C) is listed on the New York Stock Exchange.
Carolyn Batt, Bank of America
Phone: one. six. four. six. nine. eight. three. one. three. six. nine.
carolyn.batt@bofa.com
MAP #8989785
Investing involves risk. There is always the potential of losing money when you invest in securities.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.
The Merrill Lynch Investment Advisory Program is an investment advisory program sponsored by Merrill. Merrill offers a broad range of brokerage, investment advisory and other services.
There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors. For more information about the Merrill Lynch Investment Advisory Program, including our fiduciary responsibilities, you may obtain a copy of the Merrill Lynch Investment Advisory Program Brochure by accessing the S E C website at w w w adviser info dot s e c dot g o v.
The Chief Investment Office (C I O) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. C I O viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N A, (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“M L P F and S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation.
Managed Account Advisors L L C (M A A), a Registered Investment Adviser and an affiliate of M L P F and S, is the overlay portfolio manager for implementing the strategies. M A A implements Merrill’s strategy recommendations in accounts in the Merrill Lynch Investment Advisory Program (I A P), subject to any reasonable client-imposed restrictions, cash flow and other considerations.
B of A Global Research is research produced by BofA Securities, Inc. (“B of A S”) and/or one or more of its affiliates. B of A S is a registered broker-dealer, Member S I P C and wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”).
Bank of America Private Bank is a division of Bank of America, N A, Member F D I C and a wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”). Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “M L P F and S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of B of A Corp. M L P F and S is a registered broker-dealer, registered investment adviser, Member S I P C and a wholly owned subsidiary of Bank of America Corporation (“B of A Corp.”).
Banking products are provided by Bank of America, N A and affiliated banks, Members F D I C and wholly owned subsidiaries of Bank of America Corporation.
Investment products
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
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