Merrill Wealth Management and Bank of America Private Bank are launching the Alts Expanded Access Program targeting ultra-high-net-worth clients with a minimum net worth of $50 million. The program, set to commence in fall 2025, will grant clients access to private market funds typically exclusive to institutions. Wealth advisors will assist clients in exploring niche and emerging strategies, with the final investment decisions left to the investors. The move caters to the rising demand for alternative investments.