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Stay tuned for important information 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.
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
Employees could have their own personal financial assistant that fits in their pocket
They had a broader, clearer view of their financial life all in one place
They could enroll in their 401(k) plan by simply linking from a text
They could plan for income in retirement with an automatic “paycheck”
Financial Life Benefits®
Turning what if into what’s next
Innovative solutions, resources, tools from the entire Bank of America organization
Managing broad financial needs
To help understand financial priorities and uncover opportunities
At each life stage
As needs change
· Behavioral Insights
· Artificial Intelligence
“We know you”
Guidance and resources
Curated for individual needs
Meet Erica on the Benefits OnLine® app
Simply talk, type or tap
Personalized financial assistance
Money movement in a snap
· Fully digital 401(k) rollover
· Pay off a 401(k) loan
Helping employees be proactive about their financial health
Instantly connecting to resources to help drive action
Bank of America Life Plan®
Guidance along the way
Track in real time
Adjust as life changes
For the future
Personal Retirement Strategy
Simple and approachable
· Personalized recommendations
· Retirement income strategy
· Retirement paycheck feature
“Where should I save it?”
Suggests where contribution could have most impact
Keeping retirement and lifestyle goals on track
We continue to raise the bar on workplace benefits and financial wellness.
More to come
Innovative solutions for everyday life
Financial Life Benefits®
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 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.
Mutual Fund investment offerings for the Bank of America HSA are made available by MLPF&S, a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A. (“BANA”), for the benefit of all HSA account owners. Recommendations as to HSA investment menu options are provided to BANA by the Chief Investment Office (“CIO”), Global Wealth & Investment Management (“GWIM”), a division of BofA Corp.
The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group of GWIM
Screen shots are for illustrative purposes only. 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.
© 2022 Bank of America Corporation. All rights reserved. | 4305549 | 02/2022
What would you like the power to do?®
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MAP– 5474783 Exp- 4/6/2024