Michael (Mike) Banwell is a Vice President and Portfolio Manager at Bank of America Private Bank in New York City. Mike is responsible for creating and maintaining customized investment strategies that reflect clients’ personal objectives, risk tolerance, legacy, and wealth transfer aspirations. He coordinates with a team of professionals at the Private Bank, guiding clients with respect to asset allocation, tax minimization, retirement, and multi-generational planning. Mike works with families, foundations, corporate executives, entrepreneurs, and high-net-worth individuals, as they navigate different stages of life and various market environments.Mike has spent his entire career at Bank of America Private Bank (formerly U.S. Trust). He has held several roles including Portfolio Management Senior Associate, where he was tasked with leading economic, market, and investment platform research to help cultivate impactful ideas for implementation in client portfolios. He began his career as a Portfolio Management Assistant, responsible for partnering with Portfolio Managers across the Midtown East and Metro New York markets to manage client accounts, conduct asset allocation monitoring, and execute complex trading strategies.Mike obtained a B.S.B.A. in finance from Shippensburg University of Pennsylvania. Through The Fund for American Studies (TFAS) program he had the opportunity to live and intern in Washington D.C. while studying 2 Economics of Regulation at George Mason University. Mike was inducted into The International Honor Society for Economics, Omicron Delta Epsilon for his academic distinction and research in economics.Born and raised in Lancaster, Pennsylvania, Mike loves spending time with his wife, son, family, and friends. He is learning Spanish and enjoys playing the piano.*Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.*Asset allocation does not ensure a profit or protect against loss in a declining market.
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 familieis, businesses, and institutions achieve their financial objectives. Whether you're looking to preserve and share wealth, build philanthropic legacies or plan future growth, our commitment is to making your goals our priotity. At Bank of America Private Bank, we take pride in our history and in serving our clients' best interest. 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 in on providing today's clients with disciplined financial strategies and a bridge across generations.