Ellen R Shain

Managing Director, Private Client Advisor

Professional Profile

Ellen Shain is a Managing Director and Private Client Advisor with Bank of America Private Bank in Boston, Massachusetts. Ellen works with an accomplished clientele, helping advance their distinctive objectives through a highly customized approach. With more than 30 years of banking experience, she offers the knowledge and insights she has gained in advising high-net-worth individuals and multi-generational families about significant decision points in the management and stewardship of their wealth.

As an advisor, Ellen is adept in pursuing measurable progress toward each client’s goals. She directs a team of Private Banking specialists in investments, trust and estate planning services, wealth strategies, banking and lending, and philanthropy. Together they implement tailored initiatives designed to simplify complexity, enhance transparency, and address the needs posed by varied life stages. Ellen appreciates the time-sensitive nature of client priorities. She is honored to serve a busy and sophisticated clientele, providing them with a balanced and informed perspective.

Ellen began her financial services career at First National Bank of Boston, where she gained experience in corporate banking before transitioning to private banking. She has held a number of leadership roles within legacy Bank of America as well as the Private Bank (formerly U.S. Trust). She earned her undergraduate degree from Colby College. She holds the CERTIFIED FINANCIAL PLANNER™ certification.

Ellen is a former trustee of the Pingree School in Hamilton, Massachusetts, and the Brookwood School in Manchester, Massachusetts. Most recently she served on the Board of Wellspring House, an organization that supports families in need in the Cape Ann community. She is a current member of the Massachusetts Chapter of the Financial Planning Association.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and the CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.


  • Colby College


  • Boston Children's Theater - Former Board Member
  • Brookwood School - Former Trustee
  • Massachusetts Chapter of Financial Planning Association - Member
  • Pingree School - Former Trustee
  • Wellspring House - Former Board Member

Our Team

Our team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personal experience.

Note: These team members are a shared resource, involved in your wealth management plan as appropriate and are subject to change

Robert A. Connolly

Private Client Manager


Michael A Williams

Private Client Manager


Michael P Monahan

Portfolio Manager


Lynne M Dombroski

Portfolio Manager


Robert Rene Drouin

Wealth Strategies Advisor


Jonathan Stoltenberg

Portfolio Manager


Eric J. Morrison

Wealth Strategies Advisor


Alisa G Kreger

Senior Trust Officer


Michael Donahue

Senior Trust Officer


Key Contacts

Ruby D Tserkonis

Private Bank Senior Associate


Cameron Stonehouse

Wealth Management Analyst - Private Bank


Let's Have A Conversation

We take the time to listen and learn about you and your family before creating strategies that aim to meet your needs, goals and best interests now and in the future


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.

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.