Research Shows Women are Taking Steps to
Secure Their Financial Future; 83% Have or Want to Learn About
Money and Finances
NEW YORK, March 15, 2024 /PRNewswire/ -- Today, Merrill
Wealth Management launched #WomenInvested Meet Ups: Real
Conversations About Investing, a video series offering tips and
insights in a jargon free zone to help women pursue their financial
goals. The first installment is 'Women's Superpower: Investing' and
highlights the essential role investing plays in helping women
build a more secure financial future.
"From starting businesses and leading industries, women have
made tremendous gains and today wield considerable economic
influence," said Lindsay
Hans, President and Co-Head of Merrill Wealth
Management. "Our goal with the #WomenInvested Meet Up series
is to create forums for women to learn about important wealth
building topics that is conducive to their busy lives."
Hans hosts the first edition alongside Nancy Fahmy, head of the investment
solutions group at Merrill and
Bank of America Private Bank, and Marci
McGregor, head of portfolio strategy for the Chief
Investment Office of Merrill and
Bank of America Private Bank.
Women today are taking important steps to set themselves up for
financial success, according to a recent poll of affluent
women:
- 85% have a retirement savings account,
- 69% have created a financial plan, and
- 68% have a financial advisor.1
The appetite for financial information is strong. Sixty-two
percent of women have learned about money and financial topics
already with an additional 21% reporting that they would like to
learn but haven't gotten around to it yet.1
However, 48% of women face a financial barrier, among which 30%
say they have too many competing priorities and 24% say they do not
have enough time,1 underscoring the need to deliver
financial education in a convenient way.
The new series is the latest example of Merrill's long-standing commitment to helping
women own their financial futures, offering financial education
resources and increasing access to personalized financial
advice.
#WomenInvested Meet Ups are available at ml.com/women.
Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 69 million consumer and small business clients with
approximately 3,800 retail financial centers, approximately 15,000
ATMs (automated teller machines) and award-winning digital banking
with approximately 57 million verified digital users. Bank of
America is a global leader in wealth management, corporate and
investment banking and trading across a broad range of asset
classes, serving corporations, governments, institutions and
individuals around the world. Bank of America offers
industry-leading support to approximately 4 million small business
households through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations across the United
States, its territories and more than 35 countries. Bank of
America Corporation stock is listed on the New York Stock Exchange
(NYSE: BAC).
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
Reporters may contact:
Julia Ehrenfeld, Bank of
America
Phone: 1.646.855.3267
Julia.Ehrenfeld@bofa.com
1 On behalf of Merrill, MarketCast conducted a quantitative
survey of more than 900 U.S. adults with more than $250,000 in investable assets in December 2023. Statistical analysis was conducted
to ensure representation, accuracy, and completeness.
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SOURCE Bank of America Corporation