Bank of America Investment productsare provided by Bank of America Investment Services, Inc. (BAI), which is a registered broker dealer and a member of the NASD (National Association of Securities Dealers) and SIPC (Securities Investor Protector Corporation), however, it is itself a non bank subsidiary of the former organization.
While the BAI in partnership with the Bank of America, N.A., offer investment strategies to individuals and self –directed brokerage customers, the Client Investment Strategies provides one source for working capital investment solutions and comprehensive investment services and is mainly directed towards corporations, non profit organizations and municipalities. Some of the general services offered by the BAI include easy fund transfer between bank and brokerage accounts and sophisticated research and tools to help investors choose the right investments.
BAI in conjunction with the Bank of America is offering $0 for online equity trade for self-directed brokerage customers depending upon their relationship with Bank of America and its affiliates. This offer can be availed by the deposit account holders who have a combined balance of $ 25,000 or above across their accounts and 30 commission- free online equity trades per month are permitted through the BAI-Self-Directed scheme.
This offer was introduced at its inception in the Northeastern states of America. It also provides a Full Service Investing scheme which helps in investment strategies and portfolios.