Bank of America Investment

By: EconomyWatch   Date: 23 November 2010

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Bank of America, the largest financial institution in the USA and one of the largest financial institutions of the world, which provides all kinds of financial services to its clients with effective investment management strategies. It serves individuals, small and medium sized businesses as well as large corporate houses with an array of banking, investing, and asset management and risk management products and services. The bank is said to be the leading Small Business Administration (SBA) loan provider in the USA and has its services spread over 175 countries. It has relationships with 80 percent of the Global Fortune 500 companies and it’s presently listed in the New York Stock Exchange (NYSE).

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.

Bank of America provides the best investment instruments available and works with a well-qualified team of investment professionals. Some of the working capital investment services with the facility of a single point of contact include Automated Sweep Services, Fixed Income Securities, Money Market Funds, Tax Advantaged Investments, Safekeeping Services and Managed Account Solutions. In terms of investment management across a spectrum of different assets and individual and institutional investors, Bank of America has a separate investment management division called the Columbia Management based in Boston, Massachusetts. This and its affiliates comprise the wealth and investment management division of the Bank of America Corporation and the managed assets for the Columbia as a whole stood at $542.9 billion as of December 31, 2006.

Bank of America has its reach in the European nations such as UK, France, Germany and Belgium. Apart from offering Global Investment Banking services, the bank also offers Global Markets Products including Global Debts Products, Equities and Global Liquid Products. The organization has its in forte in Global Treasury Services as well.


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