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.
Patrick J Murphy
Managing Director, Private Client Advisor
Patrick Murphy is a Managing Director and Private Client Advisor with Bank of America Private Bank in Princeton, New Jersey. His broad experience spans private banking and investment management, as well as financial, tax and retirement planning. Leading a team of dedicated specialists, Patrick addresses the sophisticated financial needs of senior-level corporate executives, business owners, real estate investors, hedge fund and private equity professionals, and generations of wealthy families.
Given the challenges facing clients as they build wealth and face complex decisions, Patrick and his team formulate and implement personalized strategies across asset management, trust and estate planning services, business succession planning, philanthropic services, and complex credit transactions. The team also helps offer tax minimization strategies for clients approaching liquidity events and those recently retired.
Before assuming his current role in the Private Bank, Patrick was an associate wealth strategist in the Bank’s wealth planning solutions group – offering education and advice to clients on the topics of retirement planning, investments, income tax and estate planning. He was also a private client manager, providing credit and banking services.
Prior to joining the Private Bank (formerly U.S. Trust) in 2005, Patrick worked as a financial planner for The AYCO Company, a wholly-owned subsidiary of Goldman Sachs. In that role, he provided financial planning services for executive-level corporate clients and high-net-worth individuals.
Patrick holds a B.A. from Rutgers University, where he was a four-year letter winner on the Men’s Division I lacrosse team. Later, he earned an M.B.A. from New York University’s Stern School of Business. Patrick is a CERTIFIED FINANCIAL PLANNER™ professional. He coaches youth soccer and lacrosse in Westfield, New Jersey, where he resides with his wife, Meaghan, and their three children.
*Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® in the U.S.
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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
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EXTENSIVE REACH, INNOVATION AND A LEGACY OF TRUST
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.