At Bank of America Private Bank, we take pride in our history and in serving our clients’ best interests. We also value the continual pursuit of innovation in a constantly transforming world. We apply this perspective to help our clients anticipate and respond to evolving markets, changing environments and the growing complexities of the financial landscape. Mindful of the past, our focus is on providing today’s clients with disciplined financial strategies and a bridge across generations.
Derek M Hong
Senior Vice President, Portfolio Manager
Professional Profile
Derek Michael Hong is a Senior Vice President and Senior Portfolio Manager at Bank of America Private Bank in Palm Beach, Florida. In this role, he is responsible for creating and maintaining personalized investment solutions utilizing a broad range of wealth management services including financial planning and wealth strategy. This includes assisting clients with establishing goals and objectives, working towards developing an appropriate overall strategy, formulating and implementing potential solutions, and conducting periodic reviews to help clients monitor progress toward reaching the initial goals and strategies set forth. In addition, he supports clients in navigating through changing market environments to provide traditional guidance in the areas of asset allocation, tax-minimization strategies*, retirement, and multi-generational strategies from risk-based strategies to banking and lending needs.
Prior to joining the Private Bank, Derek was a portfolio manager for the Allstate Investments company in Chicago, as well as serving as a mutual fund manager with the Transamerica mutual fund organization, and as a director and senior portfolio manager with Sovereign Wealth Funds in Abu Dhabi and the United Arab Emirates. During his career, Derek has served as a portfolio manager for Japanese, Canadian, U.S., and Emerging and Frontier market investments.
Derek earned his M.B.A. degree from Stanford University, and a B.S. from the United States Air Force Academy (Dean’s list, Commandant’s list, Superintendent’s list distinction). He is a CFA® charterholder. Derek is a former decorated military officer in the United States Air Force (awarded the Meritorious Service Medal, twice awarded the Air Force Commendation medal), and left the service at the rank of Captain. He has also served as a finance and investment instructor at the United States Air Force Academy, Colorado Springs, Colorado.
*Derek does not provide tax advice in his role at Bank of America.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
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EXTENSIVE REACH, INNOVATION AND A LEGACY OF TRUST
For more than 200 years, Bank of America Private Bank has helped clients navigate the complex challenges of managing significant wealth. We draw on the Private Bank’s personalized approach, as well as the resources of Bank of America, to help individuals and families, businesses, and institutions achieve their financial objectives. Whether you’re looking to preserve and share wealth, build philanthropic legacies or plan for future growth, our commitment is to make your goals our priority.
