Bank of America announced that it has added a premium suite of third-party investment strategies for high-net-worth clients to its Merrill Lynch investment advisory program. The program allows clients to sign an agreement with Merrill and enter into an investment manager agreement with the selected manager, which can provide customized investment management for a personalized portfolio at a negotiated manager rate.
Managers that will be available at the program's November launch include AllianceBernstein, BlackRock, Franklin Templeton, Lord Abbett, Natixis Investment Managers/Loomis Sayles, Nuveen and Pimco.
The new suite of offerings will be reviewed by Merrill’s chief investment office and integrated into the firm’s Merrill One platform.
According to the announcement, the offering is for clients with at least $5 million in assets at Merrill and Bank of America, or at least $10 million of investible assets, including assets outside of Bank of America and Merrill.
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