Award winning service and solutions

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2. ¹Bank of America Private Bank was awarded “Best Private Bank in North America” and Merrill Lynch Wealth Management was recognized for “Best Use of Technology in Wealth Management” by The Digital Banker’s Global Private Banking Innovation Awards.  Shortlisted nominees were selected on the qualitative and quantitative depth of their nominations. Shortlisted institutions or individuals per category, were put to our impartial panel of expert judges who undertook a rigorous audit type process to carefully select the winners. A proprietary, numerical and qualitative scoring methodology was applied to all submissions and augmented by market research and input from seminal industry experts, corporate executives and in some cases the High Net Worth & Ultra High Net Worth Community. Rankings and recognition from The Digital Banker are 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.
3. ² The Family Wealth Report Awards are part of a global programme run by ClearView Financial Media and its sister publications WealthBriefing and WealthBriefingAsia, encompassing all of the world’s major wealth management centres.  As always, independence, integrity and genuine insight are the watchwords of the judging process. 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. Every submission is carefully reviewed to ensure the most deserving companies and individuals are selected as winners in each category. Standout submissions that are close runners-up to the winning entry are often commended by the judges. Commercially sensitive information is kept confidential and conflicts of interest are avoided at all times. 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.
4. ³ Bank of America Private Bank was awarded the Professional Wealth Management Global Private Bank Awards for “Best Private Bank for Succession Planning” globally and “Best Private Bank for Philanthropy Services”. Private banks operating globally or in one or more of the following regions (Europe, Asia, North America, Middle East, Latin America and Africa) are invited to take part in the Global Private Banking Awards. Each institution provides growth and performance measures and an executive summary. The submissions are judged by an expert panel of sixteen industry professionals based in North America, Asia, Europe and the Middle East. Rankings and recognition from Professional Wealth Management and Financial Times are 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. ⁴ 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, 2021 through June 30, 2022.
6. 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, 2021, through July 31, 2022. The winner was recognized by clear evidence of the positive impact and with testimonials from those impacted and/or industry leaders.
7. ⁶ Bank of America Private Bank was awarded 2023 Euromoney Private Banking awards for Best for Wealth Transfer/Succession Planning in the U.S. and Best for Digital in the U.S. Winners were selected based on written entries from leading private banking and wealth management institutions showcasing their achievements in client service, product development and commitment to the sector in the last 12 months. 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, consisting of some of the market’s most senior and seasoned private banking experts. 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.
8. ⁷ Winners were selected based on written entries from leading private banking institutions highlighting key achievements, changes, or improvements in relation to how technology is transforming their business models and contributing to drive growth, support advisers, enhance brand and improve client experience. The judging process is conducted by a panel and composed of industry professionals based in North America, Asia, and Europe. Rankings and recognition from PWM Wealth Tech Awards are 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.
9. ⁸ Winners 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.
10. ⁹ The Wealth For Good Awards are part of a global program run by ClearView Financial Media and its sister publication WealthBriefing. Private Banks from around the world are invited to submit an entry demonstrating their commitment to and preeminence in the crucially important areas of ESG, impact, diversity, and inclusion. The judges consist of custodian banks, family offices and advisors/consultants to the sector. 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.
11. ¹⁰ For the Pensions & Investments rankings, survey participants were asked to report all data as of March 31, 2023; 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.
12. ¹¹ For the WealthManagement.com Industry Awards, winners were selected by a panel of independent judges based on quantitative measures of their initiatives—including scope, scale, adoption, and feature set—along with qualitative measures such as innovation, creativity, and new methods of delivery. Rankings and recognition from WealthManagement.com 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.
13. ¹² Bank of America Private Bank was awarded the Professional Wealth Management Global Private Bank Awards for “Best Private Bank in the U.S.” and “Best Private Bank for Philanthropy Services in the U.S.”. Private banks operating globally or in one or more of the following regions (Europe, Asia, North America, Middle East, Latin America and Africa) are invited to take part in the Global Private Banking Awards. Each institution provides growth and performance measures and an executive summary. The submissions are judged by an expert panel of sixteen industry professionals based in North America, Asia, Europe and the Middle East. Rankings and recognition from Professional Wealth Management and Financial Times are 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.
14. ¹³ 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.
15. ¹⁴Criteria 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.
16. ¹⁵ 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.
17. ¹⁶The 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.
18. ¹⁷Winners 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.
19. ¹⁸For 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.
20. ¹⁹Global 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, 2023, through June 30, 2024.
21. ²⁰Bank of America Private Bank was awarded the Professional Wealth Management Global Private Bank Awards for “Best Private Bank for Succession Planning” globally and “Best Private Bank for Philanthropy Services”. Private banks operating globally or in one or more of the following regions (Europe, Asia, North America, Middle East, Latin America, and Africa) are invited to take part in the Global Private Banking Awards. Each institution provides growth and performance measures and an executive summary. The submissions are judged by an expert panel of sixteen industry professionals based in North America, Asia, Europe, and the Middle East. Rankings and recognition from Professional Wealth Management and Financial Times are 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.

Sustainable and Impact Investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.