Merrill Wealth Management and Bank of America Private Bank have announced the launch of the Alts Expanded Access Program, a new initiative tailored for ultra-high-net-worth (UHNW) clients with a net worth of US$50 million or more.
Set to roll out in fall 2025, the program offers selective access to institutional-grade private market funds, expanding the alternative investment options available through the firms’ existing platforms. The program is designed to meet the evolving needs of UHNW investors who are increasingly seeking non-traditional avenues for portfolio diversification. According to Mark Sutterlin, head of Alternative Investments for Merrill and Bank of America Private Bank, private market alternatives