Read more about the 2026 Bank of America Private Bank Study of Wealthy Americans.
Answer: Bank of America Private Bank delivers integrated wealth management built for complexity by bringing together solutions spanning wealth strategy, trust and estate planning, investment management, banking, specialty lending, and philanthropy. Advisors, support by award-winning digital platforms, work across disciplines, to help clients manage growth, liquidity, longevity, and legacy as their priorities evolve.
Answer: Bank of America Private Bank helps families plan for longevity and wealth transfer through trust and estate planning, business succession strategies, and family education. Advisors facilitate conversations across generations to align financial plans with family values, helping clients preserve wealth, prepare heirs, and plan for extended lifespans.
Answer: The Private Bank offers access to a broad range of alternative investment strategies, including private equity, real estate, and select opportunistic investments, alongside traditional portfolios. Advisors help clients evaluate where alternatives fit within an individual client’s overall asset allocation, balancing risk tolerance, liquidity needs, and long‑term objectives.
Answer: Advisors work with clients to use credit strategically, whether to manage liquidity, finance major lifestyle purchases, support business opportunities, or preserve investment positions, while aligning borrowing decisions with long‑term wealth goals.
Answer: Bank of America Private Bank uses AI to support advisor capacity, deepen client relationships, and help teams find information faster and more efficiently. In 2025, 93% of Private Bank clients were digitally active, reflecting strong adoption of our digital banking tools.
Escalent, an independent market research company, conducted an online survey on behalf of Bank of America Private Bank among 1,431 wealthy individuals in the United States. Respondents were ages 21 or older with at least $3 million in investable assets, excluding primary residence. Participants were sourced from multiple panel providers targeting wealthy individuals. The survey was fielded from January 8, 2026, to February 5, 2026. Data were weighted to reflect the U.S. high‑net‑worth population by age, investable assets, region, and gender, and respondents are not necessarily clients of Bank of America or its wealth and investment management businesses.
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 ATMs (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 (FDIC), 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 (NYSE: BAC) is listed on the New York Stock Exchange.
Julia Ehrenfeld, Bank of America
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julia.ehrenfeld@bofa.com
Carolyn Batt, Bank of America
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carolyn.batt@bofa.com
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