Bofa Advisors, LLC (Boston)

Bofa Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and portfolio management for privately placed funds that are offered to qualified investors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bofa Advisors: assets under management

The assets under management (AUM) of Bofa Advisors, LLC is $94.12 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $94.12 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $550.39 million each.

Bofa Advisors has custody of $3.24 billion in cash and securities for 1 client in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bofa Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Boston

The principal office where Bofa Advisors, LLC performs its advisory services is located at 100 Federal Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-877-227-7050 or by fax 617-772-3878. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bankofamerica.com.

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