Michelle Betance Fries

Senior Vice President, Private Client Manager

Professional Profile

Michelle B. Fries is a Senior Vice President and Private Client Manager with Bank of America Private Bank in Chicago. Michelle offers more than two decades of wealth management experience and insight, helping high-net-worth clients make informed decisions about multiple aspects of their financial lives. Business owners, corporate executives, and families look to her for assistance in discerning the strategies that align with their goals, weighing their options, and capitalizing on resources at their disposal, enterprise wide. An effective team leader, Michelle also facilitates collaboration across the members of a client’s Private Bank team, advancing a more efficient approach to the opportunities and challenges presented by significant wealth.

Michelle develops strong relationships with the clients she serves, offering the warmth and immediacy of boutique-like financial services , with access to the expansive resources of the Private Bank. Working in concert with dedicated specialists, she helps clients enact a purposeful approach to their wealth, encompassing investment management, trust and estate planning services, business succession planning, and philanthropy. She has particular depth in customized credit, overseeing a variety of lending requests with diligence.

Michelle began her career with Bank of America in 2000 and has gained exposure to several lines of business, including public sector banking, residential lending, commercial real estate, and consumer banking. She earned her B.S. in Finance from Benedictine University and completed the Accelerating Growth Program at the Wharton School of University of Pennsylvania. In 2016, Michelle was nominated by Private Bank leadership to serve as a Fellow in the World Business Chicago (WBC) Fellowship program.

Michelle serves as an advisor to Bank of America’s Hispanic Latino Executive Council. In her free time, she enjoys spending time with her family and traveling.

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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.