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Personal Retirement Strategy
For Plan Sponsor and Consultant Use Only. Distribution to Any Other Audience is Prohibited.
Please see Important Disclosures at the end of this video.
Retirement and Personal Wealth Solutions is the institutional retirement business of Bank of America Corporation (“BofA Corp.”) operating under the name “Bank of America.” Investment advisory and brokerage services are provided by wholly owned non-bank affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"), a dually registered broker-dealer and investment adviser and Member SIPC. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC
Investment products:
Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value
Feeling confident about retirement planning is important to most people. In fact, retirement income planning is the number one financial concern among employees today.
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#1 financial concern
And while employees are often focused on preparing for retirement, they don’t always have a plan to get there. Personal Retirement Strategy can help.
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Personal Retirement Strategy
It’s a digital investment advisory program designed to make retirement planning simple and approachable.
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Simple and Approachable
Once enrolled, it engages employees in the retirement planning process…
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Engages employees in the retirement planning process
with personalized insights and interactive data visualizations that help them understand how the financial decisions they make today could affect their future. They can explore various scenarios such as, adjusting their retirement age or desired retirement income. And they can even look at the potential tax consequences of different contribution rates while getting actionable recommendations along the way. Employees also receive a personalized goals-based asset allocation. The suggested allocation may decrease risk...
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Decrease Risk
while helping to keep employees on track to reaching their retirement income goals.
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Retirement Income Goals
And Merrill will act as a fiduciary for employees.
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act as a Fiduciary
They can opt to have Merrill handle the ongoing investment management using your plan’s current investment menu. With our discretionary managed account called Merrill Managed, available for an additional fee.
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Merrill Managed
Merrill will manage their 401k assets and act as an ERISA 3 - 38 fiduciary investment advisor.
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Merrill Managed
Personal Retirement Strategy and Merrill Managed complement the workplace benefits offered through our Financial Life Benefits suite of solutions.
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Personal Retirement Strategy & Merrill Managed
When offered, you can help employees access more personalized advice and guidance…
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Personalized advice and guidance
while showing them that you’re invested in their financial futures.
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Invested in their financial futures
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To learn more, talk to your Bank of America representative.
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To learn more, talk to your Bank of America representative
IMPORTANT DISCLOSURES
Personal Retirement Strategy is an online investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Inc. (“MLPF&S” or “Merrill”) that uses a probabilistic approach to determine the likelihood that participants in the program will accumulate sufficient total assets to achieve their annual retirement income goal. The recommendations provided by Personal Retirement Strategy may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, as well as a description of services and related fees which is provided in the Personal Retirement Strategy Brochure (ADV Part 2A). It can be obtained through Benefits OnLine or through the Retirement Benefits Contact Center. Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select.
IMPORTANT: The projections or other information shown in the Personal Retirement Strategy program regarding the likelihood of the various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.
Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or account advice. Clients should consult their legal and/or tax advisors before making any financial decisions.
All sector and asset allocation recommendations must be considered in the context of an individual investor’s goals, time horizon and risk tolerance. Not all recommendations will be in the best interest of all investors.
Asset allocation diversification and rebalancing do not ensure a profit or protect against loss.
Any new products, services, enhancements, or release dates are subject to change based solely on Bank of America decision, including not proceeding with a planned offering.
© 2021 Bank of America Corporation. All rights reserved. | MAP4889817 | 09/2022
For Plan Sponsor and Consultant use only. Distribution to any other audience is prohibited.
