Markets.News
Merrill Wealth Management and Bank of America Private Bank are unveiling a new program, the Alts Expanded Access Program, targeting ultra-high-net-worth clients with a minimum net worth of $50 million. This initiative, set to commence in the fall of 2025, will grant clients access to exclusive private market funds previously only available to institutions. Through this program, clients can delve into specialized and evolving investment strategies, with advisors assisting in analyzing fund documents while leaving ultimate investment decisions to the clients. This launch addresses the growing interest in unique investment opportunities among high-net-worth individuals.