“From starting businesses and leading industries, women have made tremendous gains and today wield considerable economic influence,” said Lindsay Hans, President and Co-Head of Merrill Wealth Management. “Our goal with the #WomenInvested Meet Up series is to create forums for women to learn about important wealth building topics that is conducive to their busy lives.”
Hans hosts the first edition alongside Nancy Fahmy, head of the investment solutions group at Merrill and Bank of America Private Bank, and Marci McGregor, head of portfolio strategy for the Chief Investment Office of Merrill and Bank of America Private Bank.
Women today are taking important steps to set themselves up for financial success, according to a recent poll of affluent women:
- 85% have a retirement savings account,
- 69% have created a financial plan, and
- 68% have a financial advisor.1
The appetite for financial information is strong. Sixty-two percent of women have learned about money and financial topics already with an additional 21% reporting that they would like to learn but haven’t gotten around to it yet.1
However, 48% of women face a financial barrier, among which 30% say they have too many competing priorities and 24% say they do not have enough time,1 underscoring the need to deliver financial education in a convenient way.
The new series is the latest example of Merrill’s long-standing commitment to helping women own their financial futures, offering financial education resources and increasing access to personalized financial advice.
#WomenInvested Meet Ups are available at ml.com/women.
Bank of America
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 approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 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. 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 is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact:
Julia Ehrenfeld, Bank of America
Phone: 1.646.855.3267
[email protected]
1 On behalf of Merrill, MarketCast conducted a quantitative survey of more than 900 U.S. adults with more than $250,000 in investable assets in December 2023. Statistical analysis was conducted to ensure representation, accuracy, and completeness.
SOURCE Bank of America Corporation
