Yahaira Placencia

Senior Vice President, Private Client Advisor

Professional Profile

Yahaira “Jay” Placencia is a Senior Vice President and Private Client Advisor with Bank of America Private Bank, in Rhode Island. Jay leads a team of dedicated specialists who provide tailored investment and private banking services to high net worth clients. She is a central resource for a range of needs, including investments, trust and estate planning services, family office services, philanthropy, and lending through Bank of America, N.A. Throughout the client relationship, Jay stays attuned to each family’s priorities and goals so that she can effectively channel targeted resources and capabilities.

Previously, Jay served as a Senior Client Manager for Bank of America’s Business Banking division, also in Rhode Island. In this role, Jay was responsible for overseeing key commercial client relationships, developing strategies and ideas to support for-profit and not-for-profit entities. She has worked at Bank of America since 2000, taking on increasing responsibilities within the bank. Jay began her career in lending and banking in 1993 with a local non-traditional lender. She earned her B.B.A. from the University of Rhode Island.

Jay is extremely active in the community and has served on numerous boards. She is currently a member of the Rhode Island Commodores; she serves on the RI Foundation Impact Investment Board and is a member of their Professional Advisory Council.  She is also a director for the Northern RI Chamber of Commerce Board and a Trustee of the University of Rhode Island Foundation, as well as a member of the URI's President’s Advisory Council.  She also serves as a trustee of the Community College of Rhode Island's Foundation Board, as well as a board member for the American Heart Association and Trinity Repertory Company.  She previously served on the City of Providence Redevelopment Agency, RI Public Broadcasting Station and was Co-Chair of the Transition Team for Providence Mayor Angel Taveras.

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For more than 200 years, Bank of America Private Bank (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.