Investing in the securities market offers opportunities for financial growth, but it’s crucial to acknowledge that it also involves inherent risks. It’s important for every investor to understand that investing in securities always carries the potential for financial loss. This is a fundamental principle to remember as you consider your investment strategies with institutions like Bank of America and its affiliates.
This information is designed to provide a general overview of investment risks and should not be considered as personalized financial advice. It does not take into account your individual investment goals, financial circumstances, or specific needs. Therefore, before making any investment decisions based on the information presented here, you should carefully evaluate its suitability for your situation and, if necessary, consult with a qualified financial advisor. No part of this material should be interpreted as a recommendation, offer, or solicitation to buy or sell any particular security, financial instrument, or implement any specific investment strategy.
Any opinions or views expressed in this material are provided in good faith and are subject to change without notice. These opinions are accurate only as of the date of their initial publication. It is important to note that content presented here may originate from third-party sources not directly affiliated with Bank of America or its related entities. While we strive to provide reliable information, the opinions and ideas expressed by these external parties do not necessarily reflect the official stance or endorsement of Bank of America. This material is for informational purposes only, and Bank of America explicitly disclaims any liability for losses or damages resulting from reliance on the information provided herein.
Furthermore, you may encounter links within this content that direct you to external websites not affiliated with Bank of America. Bank of America is not responsible for the content hosted on these unaffiliated sites and does not guarantee the accuracy or assume responsibility for their content. Accessing these sites means you agree to their respective terms of use, including their privacy and security policies, which may differ from Bank of America’s policies.
Key Entities and Investment Products
Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), also known as “Merrill,” plays a significant role in offering investment products. It’s important to understand that MLPF&S is a registered broker-dealer and investment adviser, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). As a Member of SIPC (Securities Investor Protection Corporation), MLPF&S adheres to regulatory standards in the securities industry. MLPF&S facilitates access to various investment products that are sponsored, managed, distributed, or provided by companies affiliated with BofA Corp.
Bank of America, N.A., also a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”), provides trust and fiduciary services. It is a Member of FDIC (Federal Deposit Insurance Corporation). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), which is a licensed insurance agency and another wholly-owned subsidiary of BofA Corp.
It is critical to understand the distinction between different types of financial products offered:
| Investment Products Offered Through MLPF&S and MLLA |
|---|
| Important Disclosures Regarding Investment Products |
| Are Not FDIC Insured |
| Are Not Deposits |
This table clearly outlines that investment products offered through Merrill Lynch and Merrill Lynch Life Agency are not protected by FDIC insurance, are not guaranteed by Bank of America, and carry the risk of losing value. They are distinct from traditional bank deposits and are not a prerequisite for accessing any banking services.
Bank of America Private Bank operates as a division of Bank of America, N.A., Member FDIC, and is also a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). The term “Bank of America” serves as the marketing name for the global banking and global markets operations of Bank of America Corporation. Banking activities, including lending and derivatives, are conducted globally through banking affiliates such as Bank of America, N.A., Member FDIC. Securities, strategic advisory, and investment banking activities are carried out by investment banking affiliates, including BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated in the United States, both registered broker-dealers and Members of SIPC.
Additional Services and Important Notes
Bank of America also provides Mobile Banking services, which require downloading a specific mobile application and are compatible with select mobile devices. Standard message and data rates from your mobile carrier may apply when using Mobile Banking. Fees may be applicable for wire transfers and certain other transactions. Detailed information about fees and terms can be found in the Online Banking Service Agreement. A data connection is necessary to use Mobile Banking, and carrier fees may apply depending on your service plan.
It’s also important to note that any company goals mentioned by Bank of America are aspirational and should not be interpreted as guarantees or promises. Statistics and metrics presented in ESG (Environmental, Social, and Governance) documents are estimates and may be based on assumptions or evolving industry standards. Therefore, they should be considered as targets and not definitive outcomes.
Understanding these disclaimers and the nature of investment products is crucial for making informed financial decisions when engaging with Bank of America and its affiliates. Always ensure you fully understand the risks involved before investing in securities.
