Thomas E Shaffer

Vice President, Portfolio Manager

Professional Profile

Thomas is a Vice President and Portfolio Manager at Bank of America Private Bank.  In this role, he is responsible for constructing and managing multi-asset class portfolios for individuals, families, trusts and foundations.  Within the context of an Investment Policy Statement, this entails operating as a personal Chief Investment Officer for each family, assisting to define goals, objectives and risk tolerance; developing a practical long-term strategy; implementing suitable solutions; and conducting quarterly progress reviews.  Additionally, educating clients through the stages of a business cycle and market cycle; capitalizing on short-term portfolio strategy opportunities; and providing stock selection advice in attractive secular themes. 

Thomas joined Bank of America Private Bank (formerly U.S. Trust) in 2011.  He has a rooted background in Finance, Entrepreneurship and Corporate Innovation from the Indiana University Kelley School of Business; Business Strategy, Problem Solving and Decision Making from the McKinsey & Company Management Program; Equity Research from the proprietary Bank of America Private Bank Global Opportunities Portfolio, World Thematic Alpha Portfolio and International Focused Equity Portfolio; Financial Planning from the NYU School of Professional Studies; and is a CERTIFIED FINANCIAL PLANNER™ professional through the CFP Board.

*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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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.