Hugh Milmoe

Managing Director, Private Client Advisor

Professional Profile

Hugh Milmoe is a Managing Director and Private Client Advisor with the Bank of America Private Bank in Baltimore, Maryland. He works with a nationwide clientele that includes executives, business owners, entrepreneurs, and ultra-high-net-worth families. Hugh is committed to helping clients with significant wealth develop strategies for pursuing their long-term financial goals. He draws on more than 20 years of financial services experience, with a focus on investments, philanthropy, and credit and lending solutions. 

Hugh assembles and leads a Private Bank team with specialized skills that complement his own knowledge and experience. Together, they work closely with clients to create innovative strategies for investment management and philanthropy, as well as trust and estate planning services and lending solutions.       

Prior to joining the Private Bank (formerly U.S. Trust) in 2018, Hugh worked for over a decade at Stifel Nicolaus. He specialized in creating strategies to help publicly traded companies raise capital, as well as in developing exit strategies for private equity, venture capital, and ultra-high-net-worth individuals.  As a restricted stock specialist, Hugh crafted creative block trading, private placement, risk bids, and derivative hedging strategies for executives with single stock concentrations who were seeking diversification and liquidity. Earlier in his career, he held similar roles at Wachovia Securities and Ferris Baker Watts.

Hugh holds a B.A. degree in English with an additional concentration in business from the University of Virginia. He supports Ladew Topiary Gardens, a non-profit garden in Monkton, Maryland.


  • University of Virginia


  • English

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.