October 4, 2024 By Julia Ehrenfeld
Bank of America's team of philanthropic specialists work with clients across the Private Bank and Merrill to help them identify and achieve their philanthropic goals. Our work helping individuals and institutions fulfill their charitable missions more effectively continues to garner recognition among industry publications and organizations. We are honored to have earned the following accolades in celebration of our service to clients.
Named North America’s Best for Philanthropic Advisory by the 2024 Euromoney Private Banking Awards. Euromoney has been recognizing the best in private banking and wealth management across the globe through the Private Banking and Wealth Management Survey for 20 years.[1]
Recognized by WealthBriefing for Best Bank Philanthropy Offering or Initiative. The 2024 WealthBriefing Wealth for Good Awards program awards leaders in the global wealth management industry who demonstrate commitment and pre-eminence in the crucially important areas of philanthropy, impact, diversity and inclusion.[2]
Awarded Global Finance’s 2024 Best Private Bank for Philanthropic Services for a third year in a row. Global Finance’s Private Bank Awards honor banks they determine best serve the specialized needs of high-net-worth individuals.[3]
Recognized by Global Private Banker for Excellence in Philanthropy Services. The 2024 Global Private Banking Innovation Awards celebrate private banks, family offices and wealth managers for their advisory, unbiased research, bespoke solutions, and client experience.[4]
Awarded Best philanthropic/educational initiative by With Intelligence Private Asset Management Awards 2024. With Intelligence has been celebrating industry leaders in the private wealth community for over two decades. [5]
Bank of America Private Bank was recognized as the 2024 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets (PDF) by Pensions & Investments.[6]
[1] Winners were selected based on written entries from leading private banking and wealth management institutions showcasing their achievements, innovations and performance over the 12 month award period. Country awards are decided by an in-house panel. Entries for our regional and global private banking awards are assessed by an external judging panel. Rankings and recognition from Euromoney is no guarantee of future investment success, do not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[2] The Family Wealth Report Awards are part of a global program run by ClearView Financial Media and its sister publications WealthBriefing and WealthBriefingAsia. There are more than forty judges coming from family offices, private banks, trusted advisers, consultants, and other service providers each of whom has in-depth knowledge and a broad experience. Rankings and recognition from The Family Wealth Report is no guarantee of future investment success, does not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[3] Global Finance’s editorial board selected the winners for the Private Bank Awards with input from executives and industry insiders. The editors also use information from entries submitted by banks, in addition to independent research, to evaluate a series of objective and subjective factors. This year’s ratings were based on performance during the period covering July 1, 2022 through June 30, 2023.
[4] Winners for the Global Private Banking Innovation awards were selected based on entries highlighting digital innovation, digital ecosystems, customer experience, financial performance, and leadership strategy. The judging process is conducted by a panel and composed of industry professionals and subject matter experts. Rankings and recognition from the Global Private Banking Innovation Awards is no guarantee of future investment success, do not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[5] Criteria was based on firms or individuals dominating in a philanthropic or educational effort with positive impact towards the sector during a 12-month period: August 1, 2022, through July 31, 2023. The winner was recognized by clear evidence of the positive impact and with testimonials from those impacted and/or industry leaders.
[6] For the Pensions & Investments rankings, survey participants were asked to report all data as of March 31, 2024; to report assets in U.S. dollars rounded to the nearest million; and to exclude master trust/custody, global custody and assets under administration only from all answers. For U.S. institutional OCIO, 39 firms reported AUM for endowments and 39 for foundations (the print rankings only list the top 10 for each). Rankings and recognition from Pensions & Investments is no guarantee of future investment success, does not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
Bank of America's team of philanthropic specialists work with clients across the Private Bank and Merrill to help them identify and achieve their philanthropic goals. Our work helping individuals and institutions fulfill their charitable missions more effectively continues to garner recognition among industry publications and organizations. We are honored to have earned the following accolades in celebration of our service to clients.
Named North America’s Best for Philanthropic Advisory by the 2024 Euromoney Private Banking Awards. Euromoney has been recognizing the best in private banking and wealth management across the globe through the Private Banking and Wealth Management Survey for 20 years.[1]
Recognized by WealthBriefing for Best Bank Philanthropy Offering or Initiative. The 2024 WealthBriefing Wealth for Good Awards program awards leaders in the global wealth management industry who demonstrate commitment and pre-eminence in the crucially important areas of philanthropy, impact, diversity and inclusion.[2]
Awarded Global Finance’s 2024 Best Private Bank for Philanthropic Services for a third year in a row. Global Finance’s Private Bank Awards honor banks they determine best serve the specialized needs of high-net-worth individuals.[3]
Recognized by Global Private Banker for Excellence in Philanthropy Services. The 2024 Global Private Banking Innovation Awards celebrate private banks, family offices and wealth managers for their advisory, unbiased research, bespoke solutions, and client experience.[4]
Awarded Best philanthropic/educational initiative by With Intelligence Private Asset Management Awards 2024. With Intelligence has been celebrating industry leaders in the private wealth community for over two decades. [5]
Bank of America Private Bank was recognized as the 2024 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets (PDF) by Pensions & Investments.[6]
[1] Winners were selected based on written entries from leading private banking and wealth management institutions showcasing their achievements, innovations and performance over the 12 month award period. Country awards are decided by an in-house panel. Entries for our regional and global private banking awards are assessed by an external judging panel. Rankings and recognition from Euromoney is no guarantee of future investment success, do not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[2] The Family Wealth Report Awards are part of a global program run by ClearView Financial Media and its sister publications WealthBriefing and WealthBriefingAsia. There are more than forty judges coming from family offices, private banks, trusted advisers, consultants, and other service providers each of whom has in-depth knowledge and a broad experience. Rankings and recognition from The Family Wealth Report is no guarantee of future investment success, does not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[3] Global Finance’s editorial board selected the winners for the Private Bank Awards with input from executives and industry insiders. The editors also use information from entries submitted by banks, in addition to independent research, to evaluate a series of objective and subjective factors. This year’s ratings were based on performance during the period covering July 1, 2022 through June 30, 2023.
[4] Winners for the Global Private Banking Innovation awards were selected based on entries highlighting digital innovation, digital ecosystems, customer experience, financial performance, and leadership strategy. The judging process is conducted by a panel and composed of industry professionals and subject matter experts. Rankings and recognition from the Global Private Banking Innovation Awards is no guarantee of future investment success, do not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
[5] Criteria was based on firms or individuals dominating in a philanthropic or educational effort with positive impact towards the sector during a 12-month period: August 1, 2022, through July 31, 2023. The winner was recognized by clear evidence of the positive impact and with testimonials from those impacted and/or industry leaders.
[6] For the Pensions & Investments rankings, survey participants were asked to report all data as of March 31, 2024; to report assets in U.S. dollars rounded to the nearest million; and to exclude master trust/custody, global custody and assets under administration only from all answers. For U.S. institutional OCIO, 39 firms reported AUM for endowments and 39 for foundations (the print rankings only list the top 10 for each). Rankings and recognition from Pensions & Investments is no guarantee of future investment success, does not ensure that a current or prospective client will experience a higher level of performance results, and should not be construed as an endorsement.
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