Got $3 million to spare?
Well, you might just qualify for Bank of America's rebranded wealth-management program.
We mentioned in today's News & Record that bank announced plans Monday to rebrand its private bank for high-rolling customers.
Once BofA closes a $3.3-billion deal with Charles Schwab Corp. next month, the Charlotte-based bank hopes to combined its new and existing wealth-management programs under a new name: "U.S. Trust, Bank of America Private Wealth Management."
The combined private bank, geared toward "wealthy and ultra wealthy clients," per BofA's Brian Moynihan, will have more than $270 billion in assets and offices in 32 states.
Journalists - and most of you bloggers out there - need not apply. Target customers will have more than $3 million in investable assets, the bank reports.