Bank of America Merrill Lynch is a brand name used by several Bank of America Corporation ("BofA Corp") businesses, including, but not limited to, the Global Banking and Global Markets businesses, the Retirement Services business and also Global Institutional Consulting, which offers products and services for the benefit of institutional and ultra high net worth clients.
Global Institutional Consulting (GIC) is part of the Global Wealth and Retirement Solutions business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation ("U.S. Trust"). U.S. Trust operates through Bank of America, N.A., member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions, banking and fiduciary activities are performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), www.sipc.org, and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients' rights and MLPF&S's obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S.
"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation (BofA Corp). Lending, derivatives and other commercial banking activities are performed globally by banking affiliates of BofA Corp., including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of BofA Corp. ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered as broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA
U.S. Trust, Bank of America Corporation operates through Bank of America, N.A. and other subsidiaries of BofA Corp.