Award winning service and solutions

With over 200 years in the industry, Bank of America Private Bank has cultivated an award-winning team, dedicated to providing exceptional service and guidance to our clients and prospects. We’re honored to be recognized by the following organizations for our services and solutions:
2023
Explore our latest awards


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. Euromoney has been recognizing the best in private banking and wealth management across the globe through the Private Banking and Wealth Management Survey for 20 years. 8

With Intelligence has been celebrating the Private Wealth Community for over two decades on industry leaders demonstrating outstanding achievements. Bank of America Private Bank has been recognized as Best philanthropic/education initiative by With Intelligence Private Asset Management Awards 2023.7
2022
Explore our past awards

In its eighth year, Global Finance’s Private Bank Awards honor banks that they determine best serve the specialized needs of high-net-worth individuals. Bank of America Private Bank Named Best Private Bank for Philanthropic Services and Best Private Bank Digital Solutions for Clients by Global Finance.6


Professional Wealth Management's (PWM) awards were established in 2009 and celebrate banks that are successfully focusing on client needs, innovation and best-in-class service offerings. More than 100 banks around the world were evaluated for these awards. Bank of America Private Bank has been recognized as Best Private Bank in the U.S. for Customer Service and Best Private Bank in the U.S. for Philanthropy Services by Professional Wealth Management (PWM), a Financial Times trade publication.5
Jennifer Chandler, Head of Philanthropic Solutions, was recently interviewed by WealthBriefing related to the Best Bank Philanthropy Offering award.

Bank of America Private Bank Named Best Private Bank in North America by Global Private Banker: Bank of America Private Bank, has been recognized by The Digital Banker’s 2022 Global Private Banking Innovation Awards.2 These awards recognize the world’s best private banks, wealth managers and asset managers for championing innovation across the industry. Bank of America Private Bank was named “Best Private Bank in North America” for its extensive resources and expertise in serving the complex financial needs of high net worth individuals and families.
Bank of America Private Bank has been recognized as Best National and Regional Private Bank by Family Wealth Report which is part of a global programme run by ClearView Financial Media.4
2021
Explore our past awards



Bank of America Private Bank has been recognized as Best Private Bank in the U.S. for Customer Service, Best Private Bank in the U.S. for Succession Planning and Highly Commended for Best Private Bank for Diversity and Inclusion by Professional Wealth Management (PWM), a Financial Times trade publication.3

Bank of America Private Bank Named Best Private Bank in North America by Global Private Banker: Bank of America Private Bank, has been recognized by The Digital Banker’s 2021 Global Private Banking Innovation Awards.2 These awards recognize the world’s best private banks, wealth managers and asset managers for championing innovation across the industry. Bank of America Private Bank was named “Best Private Bank in North America” for its extensive resources and expertise in serving the complex financial needs of high net worth individuals and families.


Professional Wealth Management (PWM)'s Wealth Tech Award for Best Private Bank for Use of Technology (North America) and Best Private Bank for Client Acquisition (North America): Bank of America Private Bank and Merrill Lynch Wealth Management have been recognized by PWM, a Financial Times publication, for digital transformation across the wealth platform, as well as solutions for advisors to leverage digital and social channels to build their digital presence.1
* Reprinted from ClearView Financial Media Ltd by permission, July 6, 2022. This article is provided for information and educational purposes only. The opinions and views expressed do not necessarily reflect the opinions and views of Bank of America Private Bank, Bank of America, or any of its affiliates. Any assumptions, opinions and estimates are as of the date of this material and are subject to change without notice. Past performance does not guarantee future results. The information contained in this material does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any recommendation in this material, you should consider whether it is suitable for you and, if necessary, seek professional advice.
1 Bank of America Private Bank and Merrill were awarded the Professional Wealth Management Wealth Tech Award for “Best Use of Technology" and “Best Use of Technology for Client Acquisition," both in North America. The judging criteria is based on institutional key achievements, changes or improvements in relation to how technology is transforming business models and contributing to drive growth, support advisers, enhance brand and improve client experience. A judging panel composed of leading industry professionals will nominate the best private banks, regardless of size, in different categories. Rankings and recognition from the 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.
2 Bank 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 Bank of America Private Bank was awarded the Professional Wealth Management Global Private Bank Awards for “Best Private Bank for Succession Planning” globally, “Best Private Bank for Customer Service” in North America and highly commended for “Best Private Bank for Diversity and Inclusion.” 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.
4 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.
5 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.
6 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.
7 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.
8 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.