Nicole M Cost

Senior Vice President

Professional Profile

Nicole M. Cost, CFP, CTFA, is a Senior Vice President and Fiduciary Supervision Executive at Bank of America Private Bank in New York, New York. In this role, Nicole advises families across a range of wealth transfer strategies and assists them in the creation and implementation of personal trusts. She also lends her fiduciary expertise to the administration of trusts and fiduciary investment management accounts, including limited liability companies and limited partnerships.

Before taking on her current position, Nicole was a Senior Trust Officer for Bank of America Private Bank in the Metro New York market. Working with other members of the Private Bank client-facing team, she helped develop personalized, holistic trust and estate plans for clients that addressed both their current and future wealth needs. Partnering with outside advisors, including accountants and attorneys, Nicole helped ensure clients’ wealth plans considered changes to the tax and regulatory environments.

Nicole started her wealth management career in 1999 at Bank of America Private Bank (formerly U.S. Trust) in the Trust and Fiduciary Group. She progressed through various client-facing roles, all with a focus on trust services and fiduciary administration. In 2007, Nicole moved to Brown Brothers Harriman as a Senior Trust Officer in the International Trust Division. She also held client-facing roles at Evercore Wealth Management and Convergent Wealth Advisors. In 2016, she returned to Bank of America to join Merrill Lynch Wealth Management as a Financial Advisor.  

Nicole holds a bachelor’s degree in industrial and labor relations from Cornell University and is a CERTIFIED FINANCIAL PLANNER™ CFP® Professional. She also holds the Certified Trust and Fiduciary Advisor (CTFA) designation, sponsored by the American Bankers Association (ABA).

Nicole lives in New York City with her husband and daughter.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S.

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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.