Bank of America Adds 40 Model Portfolios to Merrill Lynch Investment Advisory Program
28 Ottobre 2019 - 1:00PM
Business Wire
New Investment Manager Model Portfolios Offer
Clients More Choice and Flexibility, With Guidance From the
Company’s Chief Investment Office
Bank of America today announced that it has added 40 new model
portfolios to its investment platform, providing clients and
advisors greater choice and flexibility when developing
personalized portfolios aligned to each client’s unique goals.
Available exclusively to Merrill Lynch Wealth Management clients,
the new model portfolios have been created and are managed by
BlackRock, JP Morgan, Franklin Templeton and Natixis Investment
Managers.
Since launching model portfolios under its Chief Investment
Office (CIO) in 2017, the company has expanded its suite of
offerings with CIO asset allocation guidance to more than 165
active, passive, hybrid and sustainable impact investing portfolios
– 125 of which are managed by its CIO team of investment
professionals.
“The focus of investing has begun to shift from product
selection to portfolio construction, with the true value of advice
for clients being the ability to customize unique paths toward
reaching their goals,” said Keith Banks, head of the Investment
Solutions Group at Bank of America. “Through the expansion of our
model portfolio offerings, we’re further integrating investment
managers into our strategy, while diversifying options and
viewpoints to the benefit of our clients.”
The new model portfolios introduced today are:
- Immediately available, giving clients and advisors access to 40
new model portfolios – 10 from each of the four investment
managers. These multi-asset, multi-manager, hybrid portfolios are
made up of a mix of mutual funds and exchange-traded funds, and are
available across investor profiles – from conservative to
aggressive – and tax approaches.
- Informed by the CIO strategic asset allocation as the policy
benchmark. Within the models, investment managers have the
flexibility to implement their own tactical views. These views may
be based on their market outlook and investment processes,
including potential changes to use passive and active investments
and by increasing, decreasing or using additional asset categories
within the equity or fixed income allocation. These variations
offer advisors more choice when selecting the appropriate portfolio
for clients.
- Exclusively available through the Merrill Lynch Investment
Advisory Program, with a minimum initial investment of
$50,000.
Platform and processes built around the value of
advice
Within its Investment Solutions Group, the CIO serves as a
differentiator for Bank of America Corporation, bringing together
120 investment professionals from across the organization to
provide a consistent, end-to-end, institutional-quality investing
process that includes investment viewpoints, guidance, portfolio
solutions, due diligence and insights. Within its flexible
framework, advisors and their clients can determine the level to
which they want to incorporate CIO views into their practice and
portfolios. CIO model portfolios and those provided by third
parties enable advisors to customize and personalize solutions for
clients at all wealth levels.
“Our advisors are at the center of the investing process, with
the value of their advice rooted in a deep understanding of what
their clients want and need,” said Keith Glenfield, head of
investment products for Bank of America. “Access to a wide range of
products and platforms, combined with our robust specialist
organization, gives our advisors a competitive advantage to develop
personalized approaches when helping clients pursue their
goals.”
Today, nine out of 10 Merrill advisors use at least one CIO
model portfolio, and 25 percent of them manage one-quarter or more
of the assets in their practice in CIO portfolios.
According to Bank of America Chief Investment Officer Chris
Hyzy, “By leveraging our CIO team as an extension of their
practice, advisors have the potential to deliver more consistent
outcomes and a better experience for clients, and to gain back time
to focus on aspects of wealth management that clients value
most.”
Bank of America 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
66 million consumer and small business clients with approximately
4,300 retail financial centers, including approximately 2,400
lending centers, 2,600 financial centers with a Consumer Investment
Financial Solutions Advisor and 1,900 business centers;
approximately 16,600 ATMs; and award-winning digital banking with
nearly 38 million active users, including approximately 29 million
mobile 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 owners 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.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email alerts.
www.bankofamerica.com
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.
Investment products:
Are Not FDIC
Insured
Are Not Bank
Guaranteed
May Lose
Value
© 2019 Bank of America Corporation. All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191028005054/en/
Reporters May Contact: Matt Card, Bank of America,
1.617.434.1388 matthew.card@bofa.com
Grafico Azioni Bank of America (NYSE:BAC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Bank of America (NYSE:BAC)
Storico
Da Apr 2023 a Apr 2024