Over the subsequent decade, $30 trillion of US wealth is anticipated to shift to ladies[1]. We additionally know that ladies usually tend to take the lead of their family’s monetary decision-making[2]. At Merrill and Financial institution of America Non-public Financial institution, we’re devoted to investing in ladies and constructing a tradition the place feminine expertise and shoppers can seize this chance and thrive. This dedication is mirrored in our recruitment and expertise improvement methods, best-in-class academic programming and assets, and international initiatives supporting ladies worldwide.
Investing in ladies within the office
A various workforce is important to our success and that of our shoppers. Merrill and Financial institution of America Non-public Financial institution provide sturdy coaching and improvement packages to assist ladies develop and advance their careers. Financial institution of America’s inside networks, such because the Girls’s Management Council and the Girls’s Worker Community, assist ladies broaden their connections and study from others within the area. We see the influence of investing in ladies day-after-day. Financial institution of America’s international workforce is 50% feminine and our board of administrators is 38% feminine[3].
Enhancing ladies’s monetary lives by way of coaching and mentorship
Solely 28% of ladies really feel empowered to take motion with their cash[4]. Monetary literacy and training are key to monetary empowerment. Merrill and Financial institution of America Non-public Financial institution provide workshops, seminars and one-on-one teaching classes to assist ladies higher perceive and handle their monetary futures. Meryl not too long ago launched #WomenInvested, a video sequence providing ideas and insights to assist ladies obtain their monetary objectives. Financial institution of America additionally affords enterprise-wide mentorship packages to assist ladies navigate their careers.
Unlocking entry to capital and philanthropic help
Girls entrepreneurs usually face challenges in accessing the capital and assets wanted to construct and develop their companies. Financial institution of America Non-public Financial institution supplies financing options that ladies enterprise homeowners can use to begin and scale their firms, and Financial institution of America Non-public Financial institution and Merrill provide specialised experience to help the wealth planning wants of entrepreneurs. Financial institution of America partnered with Tory Burch to create the Tory Burch and Financial institution of America Capital Program, which has offered greater than $100 million in loans to women-owned companies. By way of our partnership, we additionally provide free on-line studying assets for girls entrepreneurs.
Constructing a greater monetary future for girls
Together with The Nice Wealth Switch, Merrill and Financial institution of America Non-public Financial institution are devoted to assembly the distinctive funding and wealth administration wants of ladies. Our groups provide personalised recommendation and options that assist ladies align their monetary objectives and values Financial institution of America Non-public Financial institution and Merrill Advisors work intently with ladies to develop methods that guarantee their monetary well-being, whether or not it is retirement planning, investing in training or supporting philanthropic efforts.
Empowering ladies worldwide
Our international initiatives are designed to assist ladies in creating international locations overcome limitations and obtain monetary independence For instance, Financial institution of America’s partnership with Very important Voice helps packages to enhance monetary inclusion for girls in rising markets by way of banking providers, monetary training and entrepreneurial help. Financial institution of America’s personal charitable basis helps packages addressing important ladies’s points throughout training, well being care, and financial empowerment.
Our funding in ladies at Merrill and Financial institution of America Non-public Financial institution is rooted in Financial institution of America’s mission to assist enhance the monetary lives of all. We’re dedicated to creating a significant distinction within the lives of ladies in all places.
To study extra about how Financial institution of America is investing in ladies, go to: Our Investments in Girls (bankofamerica.com)
[1] https://institute.bankofamerica.com/content material/dam/bank-of-america-institute/transformation/rising-wealth-of-women.pdf
[2] A Merrill Analysis research exhibits younger feminine traders are twice as prone to lead their household’s monetary decision-making than earlier generations. Press launch Newsroom Financial institution of America
[3] Our Investing in Girls (bankofamerica.com)
[4] https://newsroom.bankofamerica.com/content material/newsroom/press-releases/2022/06/bank-of-america-study-finds-94–of-women-believe-they-ll-be-pers.html
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