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Award winning service and solutions

With over 200 years in the industry, Bank of America Private Bank has cultivated an award-winning team, dedicated to providing exceptional service and guidance to our clients and prospects. We’re honored to be recognized by the following organizations for our services and solutions:

2023

Explore our latest awards

Best private bank award 2024 Global Finance

Bank of America Private Bank named Best Private Bank (U.S.), Best Private Bank for Philanthropic Services and Best Private Bank for Sustainable Investing (North America) by Global Finance. Global Finance’s Private Bank Awards honors banks they determine best serve the specialized needs of high-net-worth individuals.15

Illustration - Global Private Banking Awards 2023 - Winner - Best Private Bank for Philanthropy Services (US) best private bank in the US for customer service
Illustration - Global Private Banking Awards 2023 - Winner - Best Private Bank for Philanthropy Services (US)

Bank of America Private Bank has been recognized as Best Private Bank in the U.S. and Best Private Bank in the U.S. for Philanthropy Services by Professional Wealth Management (PWM), a Financial Times trade publication. Professional Wealth Management's (PWM) Global Private Banking awards were established in 2009 and celebrate banks that are successfully focusing on client needs, innovation and best-in-class service offerings. More than 120 banks around the world were evaluated for these awards. 14

Bank of America Private Bank was awarded “Best in Trust” by WealthManagement.com. For the last nine years, WealthManagement.com’s Industry Awards has recognized companies, organizations and individuals for outstanding contributions to wealth management. Bank of America Private Bank’s “Best in Trust” award acknowledges our work to improve our offering to better meet our clients’ need for trusts as a part of their estate plan. By investing in technology and improving internal partnerships, we’ve made it easier for clients and attorneys to open new trust accounts with Bank of America Private Bank. 13

Bank of America Private Bank was recognized as the 2023 largest U.S. Outsourcing Manager for Endowment Assets and for Foundation Assets by Pensions & Investments. 12

Bank of America Private Bank was recognized for Best Private Bank Philanthropic Offering or Initiative in Americas by WealthBriefing.11

CEO of the year
Best Private Bank

Katy Knox, President, Bank of America Private Bank was recognized as CEO of the Year in North America, and Bank of America Private Bank was recognized as Best Private Bank in North America by Global Private Banker and The Digital Banker.10

Winner for Best Private Bank for Digital Customer Service in North America
Best Private Bank for Use of Technology

Bank of America Private Bank was recognized by PWM Wealth Tech Awards as Best Private Bank for Digital Customer Service in North America and Best Private Bank for Use of Technology in North America in conjunction with Merrill. 9

Bank of America Private Bank was recognized by The Family Wealth Report as Best National Private Bank in U.S..4

The Best National Private Bank ranking was awarded to Bank of America Private Bank in recognition of our broad service offering, world class service, technology and our team's exceptional advisory abilities.

Best for Wealth Transfer/Succession Planning in the U.S. Awards 2023
Best for Digital Awards 2023

Bank of America Private Bank was awarded 2023 Euromoney Private Banking awards for Best for Wealth Transfer/Succession Planning in the U.S. and Best for Digital in the U.S. Euromoney has been recognizing the best in private banking and wealth management across the globe through the Private Banking and Wealth Management Survey for 20 years. 8

Private Asset Manage Awards 2023

With Intelligence has been celebrating the Private Wealth Community for over two decades on industry leaders demonstrating outstanding achievements. Bank of America Private Bank has been recognized as Best philanthropic/education initiative by With Intelligence Private Asset Management Awards 2023.7

2022

Explore our past awards

Best private bank award 2023 Global Finance

In its eighth year, Global Finance’s Private Bank Awards honor banks that they determine best serve the specialized needs of high-net-worth individuals. Bank of America Private Bank Named Best Private Bank for Philanthropic Services and Best Private Bank Digital Solutions for Clients by Global Finance.6

PWM the banker global private banking awards 2022 best private bank in the US for philanthrophy services
PWM the banker global private banking awards 2022 best private bank in the US for customer service

Professional Wealth Management's (PWM) awards were established in 2009 and celebrate banks that are successfully focusing on client needs, innovation and best-in-class service offerings. More than 100 banks around the world were evaluated for these awards. Bank of America Private Bank has been recognized as Best Private Bank in the U.S. for Customer Service and Best Private Bank in the U.S. for Philanthropy Services by Professional Wealth Management (PWM), a Financial Times trade publication.5

Jennifer Chandler, Head of Philanthropic Solutions, was recently interviewed by WealthBriefing related to the Best Bank Philanthropy Offering award.

Global Private Banking logo

Bank of America Private Bank Named Best Private Bank in North America by Global Private Banker: Bank of America Private Bank, has been recognized by The Digital Banker’s 2022 Global Private Banking Innovation Awards.2 These awards recognize the world’s best private banks, wealth managers and asset managers for championing innovation across the industry. Bank of America Private Bank was named “Best Private Bank in North America” for its extensive resources and expertise in serving the complex financial needs of high net worth individuals and families.

Bank of America Private Bank has been recognized as Best National and Regional Private Bank by Family Wealth Report which is part of a global programme run by ClearView Financial Media.4

2021

Explore our past awards

PWM the banker global private banking awards 2021 best private bank in the US for customer service
PWM the banker global private banking awards 2021 best private bank in the US for succession planning
PWM the banker global private banking awards 2021 highly commended for best private bank for  diversity and inclusion

Bank of America Private Bank has been recognized as Best Private Bank in the U.S. for Customer Service, Best Private Bank in the U.S. for Succession Planning and Highly Commended for Best Private Bank for Diversity and Inclusion by Professional Wealth Management (PWM), a Financial Times trade publication.​3

Global Private Banking logo

Bank of America Private Bank Named Best Private Bank in North America by Global Private Banker: Bank of America Private Bank, has been recognized by The Digital Banker’s 2021 Global Private Banking Innovation Awards.2 These awards recognize the world’s best private banks, wealth managers and asset managers for championing innovation across the industry.  Bank of America Private Bank was named “Best Private Bank in North America” for its extensive resources and expertise in serving the complex financial needs of high net worth individuals and families.

PWM wealth tech awards 2021 Best Private Bank for use of Technology, North America
PWM wealth tech awards 2021 Best Private Bank for client acquisition, North America

Professional Wealth Management (PWM)'s Wealth Tech Award for Best Private Bank for Use of Technology (North America) and Best Private Bank for Client Acquisition (North America): Bank of America Private Bank and Merrill Lynch Wealth Management have been recognized by PWM, a Financial Times publication, for digital transformation across the wealth platform, as well as solutions for advisors to leverage digital and social channels to build their digital presence.1

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