Bank of America 2002 Annual Report Download - page 16

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14 BANK OF AMERICA 2002
More Americans entrust Bank of America to manage their wealth than any other U.S. bank.
Why? We have a simple standard: always put the client’s interest first — whether it’s objective advice,
a sophisticated spectrum of investment opportunities and solutions, or decades of experience in
trust and estate planning.
Testimony to this is ending an extremely difficult year with assets under management virtually
unchanged at $310 billion.
The Private Bank excels at focusing on the needs of clients with more than $3 million in assets,
providing integrated advice in four key areas of wealth management: banking, credit, investments,
and trust and estate planning. Our personal trust organization ranks as the largest provider of trust
and estate services to individuals and families.
Financial advisors from our Asset Management Group have joined with Premier Banking, which
serves nearly 400,000 clients with assets up to $3 million, to enhance access to investment services
for more of our customers through our major market banking centers.
Banc of America Investments’ financial advisors partner with affluent clients in developing effective
financial plans to achieve both near- and long-term goals. Using sophisticated technology, our financial
advisors help clients assess needs, opportunities and risk tolerance. Based on this assessment, financial
advisors tailor a strategy and asset allocation to the client’s needs.
Investment solutions are provided through Banc of America Capital Management. Investment
results for the three years ending December 31, 2002 place it among the industry’s best-performing
managers, with nearly 80% of its funds’ assets ranked in the top two quartiles of their respective
Lipper categories. A leading U.S. investment manager, our Nations Funds™ranks as the 11th largest
fund group. In 2002, we received the prestigious DALBAR Award for customer service for the fourth
year in a row. Our Future Scholar™college savings and investment plan was one of only six programs
to win an A+ rating in a recent Barron’s survey of 68 of these tax-advantaged plans.
Objective advice, strong investment performance and great service. These are the higher standards
that make us America’s trusted wealth advisor.
14 BANK OF AMERICA 2002
More Americans entrust Bank of America to manage their wealth than any other U.S. bank.
Why? We have a simple standard: always put the client’s interest first — whether it’s objective advice,
a sophisticated spectrum of investment opportunities and solutions, or decades of experience in
trust and estate planning.
Testimony to this is ending an extremely difficult year with assets under management virtually
unchanged at $310 billion.
The Private Bank excels at focusing on the needs of clients with more than $3 million in assets,
providing integrated advice in four key areas of wealth management: banking, credit, investments,
and trust and estate planning. Our personal trust organization ranks as the largest provider of trust
and estate services to individuals and families.
Financial advisors from our Asset Management Group have joined with Premier Banking, which
serves nearly 400,000 clients with assets up to $3 million, to enhance access to investment services
for more of our customers through our major market banking centers.
Banc of America Investments’ financial advisors partner with affluent clients in developing effective
financial plans to achieve both near- and long-term goals. Using sophisticated technology, our financial
advisors help clients assess needs, opportunities and risk tolerance. Based on this assessment, financial
advisors tailor a strategy and asset allocation to the client’s needs.
Investment solutions are provided through Banc of America Capital Management. Investment
results for the three years ending December 31, 2002 place it among the industry’s best-performing
managers, with nearly 80% of its funds’ assets ranked in the top two quartiles of their respective
Lipper categories. A leading U.S. investment manager, our Nations Funds™ranks as the 11th largest
fund group. In 2002, we received the prestigious DALBAR Award for customer service for the fourth
year in a row. Our Future Scholar™college savings and investment plan was one of only six programs
to win an A+ rating in a recent Barron’s survey of 68 of these tax-advantaged plans.
Objective advice, strong investment performance and great service. These are the higher standards
that make us America’s trusted wealth advisor.