What fees are associated with Private Bank services?

Bank of America Private Bank offers a range of services, and as such, there are various fees that may be associated with these services. Generally, fees can vary based on the specific services utilized, whether they pertain to investment management, estate planning, trust services, or other financial solutions. Investment management services typically have management fees based on the assets under management. These fees often have a tiered structure, where the percentage decreases as the asset level increases, incentivizing larger investments. For trust services, there may be additional fees related to the establishment and administration of trusts, which can depend on the complexity of the trust and the assets involved. Furthermore, there might be transaction fees for specific investment products or services, as well as performance-based fees in some cases, depending on the agreements in place. It is always wise to review the specific fee schedule and disclosures provided by Bank of America Private Bank for the most accurate and detailed information regarding fees, as these can change over time. Individuals interested in these services may find it helpful to check the current web page for comprehensive details regarding fees and services.