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 and has over 20 years of experience in the financial services industry including investments, philanthropy, credit and banking.  Hugh works with executives, business owners, entrepreneurs, and high net worth families to develop personalized financial strategies designed to help them achieve their long term financial goals.  Located in Baltimore, Maryland but with a national book of clients, Hugh leads a team of Bank of America Private Bank specialists, highly skilled in creating innovative strategies for investment management, trust and estate planning services, lending, philanthropy and non-profit solutions.

Hugh joined the Bank of America Private Bank as a Managing Director from Stifel Nicolaus where he worked in capital markets for over a decade handling capital raise strategies for publically traded companies as well as 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 single stock concentrated executives who were seeking diversification and liquidity.  Prior to Stifel, Hugh held similar roles at Wachovia Securities and Ferris Baker Watts.

He graduated from The University of Virginia with a Bachelor of Arts in English with an additional concentration in Business.  Hugh and his wife live in Monkton, Maryland and support Ladew Topiary Gardens. 

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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.