Bank of America Personal Retirement Strategy Surpasses $100 Billion as Demand for Personalized Retirement Solutions Accelerates
Bank of America's Personal Retirement Strategy surpassed $100 billion in total assets five years after its 2021 launch, with the Merrill Managed discretionary account solution exceeding $10 billion in AUM. Management framed the milestones as evidence of accelerating participant adoption of personalized, goal-based retirement guidance within 401(k) plans on BofA's proprietary recordkeeping platform.
Key figures
- Clients
- more than 69 million
- Digital users
- approximately 60 million
- Prs total assets
- $100 billion
- Merrill managed aum
- $10 billion
- Retail financial centers
- approximately 3,500
AI analysis
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