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Bank of America opens Boston multi-family office
FWR Staff
11 January 2006
Bank adds seventh major-market location in first-stage rollout. With the opening this month of an office in Boston, Bank of America has completed the initial rollout of its Family Wealth Advisors group. That makes seven major-market locations for the 10-month-old family-office business.
Senior advisor Ellen Shain will lead the Boston team of bankers and client-service specialists that includes portfolio manager Michael Monahan; sales and service associate Carl Johnson and relationship associate Cynthia David. Additional hires are in the works. "The appointment of this highly experienced team concludes on schedule the first stage of our national rollout," says Family Wealth Advisors president Alan Rappaport. "We've enlisted some of the top wealth management teams in the country and backed them with our innovative Family Wealth Center, a core group of investment-strategy specialists." With the Boston office in place, adds Rappaport, Family Wealth Advisors is "positioned to deliver truly customized advice, solutions and service to the nation's wealthiest individuals and families across the most important facets of their lives." New York-based Family Wealth Advisors delivers wealth and investment-management advice and services to ultra-high-worth individuals and families. In addition to New York and Boston, it has offices in San Francisco, Los Angeles, Chicago, Miami and Dallas. It also serves wealthy clients in other U.S. markets in partnership with the Private Bank at Bank of America. –FWR .