Bank of America Names Additional Family Wealth Advisors Team to Serve Ultra High Net Worth Clients in Chicago

CHICAGO, Sept. 7 /PRNewswire/ -- Bank of America Family Wealth Advisors President Alan Rappaport today announced the appointment of an additional dedicated team to serve the wealthiest individuals and families in the greater Chicago area.

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Senior Wealth Advisor Patricia Besser will lead an integrated team of wealth management professionals who will help develop comprehensive advisory solutions to address the unique and increasingly complex set of challenges faced by the ultra wealthy. Core members of her team include Carol Schroeder, wealth advisor; Rosanna Soehn, relationship associate; and Sophia Bobak, relationship associate. The team previously had a number of different roles within The Private Bank of Bank of America, for which Family Wealth Advisors serves as an extension focused on ultra high net worth clients.

"Given the importance of the Chicago wealth market and its increased demand for ultra high net worth advisory services, we wanted to further expand our advisory offering through the addition of another dedicated team," indicated Rappaport. "Pat and her highly capable team will bring invaluable expertise to the table for Chicago area clients faced with the specialized set of wealth management and legacy-defining issues that accompany possession of great wealth today."

Besser's team will build on the momentum created in the greater Chicago area by the existing Family Wealth Advisors team led by Phil Allen and Hugh Breslin. "Chicago is a vibrant and fast growing wealth market," commented Chris Williams, Private Bank Chicago market executive. "Pat's team will extend our capacity to offer highly distinctive services and solutions that address all facets of our clients' lives."

Headquartered in New York City, Family Wealth Advisors delivers highly sophisticated wealth and investment management advice, solutions and services to the nation's wealthiest individuals and families. Client-facing teams are backed by the innovative Family Wealth Center, a core group of investment strategy specialists who provide objective, sophisticated advice for wealthy families. Family Wealth Advisors was launched in April 2005 and serves clients in the New York, San Francisco, Los Angeles, Chicago, Dallas, Boston and South Florida, and in partnership with The Private Bank of Bank of America in other markets across the United States. Family Wealth Advisors and The Private Bank are part of Bank of America's Global Wealth & Investment Management division.

Bank of America is one of the world's largest 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 more than 54 million consumer and small business relationships with more than 5,700 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 19.8 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange.