Merrill's MAA platform tops $1 trillion in client assets

Merrill announced that its Managed Account Advisors LLC (MAA) platform has surpassed $1 trillion in client assets, according to a press release from Bank of America Corporation (NYSE: BAC).

MAA, launched in 2006, is a portfolio management platform that allows financial advisors to build, implement, and manage client investment portfolios. The platform provides access to model portfolios from Bank of America's Chief Investment Office, research from BofA Global Research, and strategies from third-party investment managers.

The platform serves clients across Merrill, Bank of America Private Bank, and Bank of America Consumer Investments. MAA functions as the overlay portfolio manager for implementing strategies within the Merrill Lynch Investment Advisory Program.

"Reaching $1 trillion reflects the impact of MAA over the last two decades," said Nancy Fahmy, Head of the Investment Solutions Group at Merrill and Bank of America Private Bank. "Today, MAA brings together the breadth of Bank of America Private Bank and Merrill's investment insights and resources to power millions of client accounts, while freeing up advisors' time to focus on clients."

John Capelli, Head of Managed Account Advisors at Merrill, said the platform "began as an innovative approach to managed solutions and is now a core engine powering how advisors serve clients today."

MAA supports tax-aware investing strategies and portfolio reporting. The platform also enables advisors to build multi-sleeve portfolios tailored to individual client goals.

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