BofA’s Merrill Adds Pimco, PGIM Strategies for Wealthy Clients

Bank of America Corp. expanded its offerings for wealthy clients who want to pick strategies from other money managers, such as Pacific Investment Management Co. or PGIM.

Financial advisers at the bank’s Merrill Lynch Wealth Management unit can choose from more than 200 model portfolios from newly added managers including Capital Group and Eaton Vance Corp., as well as strategies from BlackRock Inc. and JPMorgan Chase & Co., the bank said in a statement Tuesday.

“It’s very targeted,” Sandy Bolton, head of managed investments at BofA’s investment-solutions group, said in an interview. “We’re fulfilling different needs” for rich clients, including ...