Provider Profiles
Bank of America Private Bank
| Profile | |
| Business Model/Type§ | OCIO + other |
| Year Entered Into OCIO Business | 1853 |
| No. of Relationship Managers/Salespeople | 224 |
| No. of OCIO Portfolio Managers | 35 |
| OCIO % of Total Firm Revenue | Does not separately report OCIO revenues* |
| No. of Clients, Full Discretion | 487 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $27.8B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $10B |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | $17.7B |
| Health Care | |
| Other |
| Portfolio Construction |
Bank of America’s goal is to construct an investment portfolio that meets clients’ goals and objectives. They begin with an asset allocation process based on long-term (multiple market cycle) performance expectations for various asset classes. They also determine asset classes, and portfolio-weighting combinations of those classes, to best maximize expected return potential for given levels of risk, or to reduce risk for given levels of expected return potential. They then recommend a portfolio with risk/return characteristics that meet clients’ long-term investment objectives. Centered on a mission-aligned approach to investing, Bank of America Private Bank developed its fiduciary institutional investment management process, which utilizes a customized investment strategy that integrates their clients’ short- and long-term goals, objectives, and risk tolerance. |
| § | OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. |
| OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. | |
| Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. | |
| Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |