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:
Bank of America Private Bank was awarded 2025 Euromoney Private Banking awards for Best for Philanthropic Advisory and Best for Family Office Services in both the U.S. and North America. 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.18
Bank of America Private Bank named Best Private Bank (U.S.), Best Private Bank for Philanthropic Services and Best Private Bank for Family Office Services (North America) by Global Finance. Global Finance’s Private Bank Awards honors banks they determine best serve the specialized needs of high-net-worth individuals.17
17 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, 2023, through June 30, 2024. Rankings and recognition from Global Finance 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.
18 Euromoney Private Banking award 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.
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 Family Offices, Best Private Bank Philanthropy Services, and Best Private Bank for the Next Generation (North America) by PWM, a Financial Times trade publication.16
Bank of America Private Bank was recognized as the 2024 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets by Pensions & Investments. 15
Bank of America Private Bank was recognized by Global Private Banker for Best Private Bank (United States), Best Private Bank for Digital Innovation, Best Family Office Offering, and for Excellence in Philanthropy Services by Private Bank. The Global Private Banking Innovation14 awards celebrate Private Banks, Family Offices and Wealth Managers for their advisory, unbiased research, bespoke solutions, and client experience.
Bank of America Private Bank was awarded Best National Private Bank, Family Office Solution, and Outsourced CIO by The Family Wealth Report.13 The annual Family Wealth Report Awards program recognizes the most innovative and exceptional firms, teams and individuals serving the family office, family wealth and trusted advisor communities in North America.
Bank of America Private Bank was awarded 2024 Euromoney Private Banking awards for Best for Philanthropic Advisory and Best for Next Gen in both the U.S. and North America. 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.12
Bank of America Private Bank was recognized for Best philanthropic/educational initiative by With Intelligence Private Asset Management Awards 2024.14 With Intelligence has been celebrating industry leaders in the private wealth community for over two decades.
Bank of America Private Bank named Best Private Bank (U.S.), Best Private Bank for Philanthropic Services and Best Private Bank for Sustainable Investing (North America) by Global Finance. Global Finance’s Private Bank Awards honors banks they determine best serve the specialized needs of high-net-worth individuals.10
- 11 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, 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.
- 12 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.
- 13 The 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.
- 14 Winners 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..
- 15 For 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.
- 16 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.
Bank of America Private Bank has been recognized as Best Private Bank in the U.S. and Best Private Bank in the U.S. for Philanthropy Services by Professional Wealth Management (PWM), a Financial Times trade publication. Professional Wealth Management's (PWM) Global Private Banking awards were established in 2009 and celebrate banks that are successfully focusing on client needs, innovation and best-in-class service offerings. More than 120 banks around the world were evaluated for these awards.9
Bank of America Private Bank was awarded “Best in Trust” by WealthManagement.com. For the last nine years, WealthManagement.com’s Industry Awards has recognized companies, organizations and individuals for outstanding contributions to wealth management. Bank of America Private Bank’s “Best in Trust” award acknowledges our work to improve our offering to better meet our clients’ need for trusts as a part of their estate plan. By investing in technology and improving internal partnerships, we’ve made it easier for clients and attorneys to open new trust accounts with Bank of America Private Bank.8
Bank of America Private Bank was recognized as the 2023 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets by Pensions & Investments. 7
Bank of America Private Bank was recognized for Best Private Bank Philanthropic Offering or Initiative in Americas by WealthBriefing.6
Katy Knox, President, Bank of America Private Bank was recognized as CEO of the Year in North America, and Bank of America Private Bank was recognized as Best Private Bank in North America by Global Private Banker and The Digital Banker.5
Bank of America Private Bank was recognized by PWM Wealth Tech Awards as Best Private Bank for Digital Customer Service in North America and Best Private Bank for Use of Technology in North America in conjunction with Merrill.4
Bank of America Private Bank was recognized by The Family Wealth Report as Best National Private Bank in U.S..3
The Best National Private Bank ranking was awarded to Bank of America Private Bank in recognition of our broad service offering, world class service, technology and our team's exceptional advisory abilities.
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.2
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 2023.1
- 1Criteria 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.
- 2 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.
- 3 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 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.
- 5 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.
- 6 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.
- 7 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.
- 8 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.
- 9 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.
