A Message From Katy Knox
By Katy Knox, President, U.S. Trust, Bank of America Private Wealth Management
Photograph courtesy of Katy Knox
In my new role as president of U.S. Trust, I spend much of my time meeting with clients. One key message I hear quite often is that they want a simplified experience when interacting with their financial institutions, including U.S. Trust.
I am pleased to report that U.S. Trust has been very focused on this topic and is investing in the latest digital technologies to make it easier for clients to open accounts, prepare tax documents and share important information with their advisors. As part of the bank’s focus on innovation, we will soon be introducing new ways to move money and to check balances in real time, in addition to other digital capabilities. In “Enhancing the Bank’s Digital Platform,” Dean Athanasia, co-head of Consumer, Bank of America, highlights some of the digital innovations the bank recently rolled out.
Clients have also asked about the recent market volatility, which, somewhat paradoxically, seemed to be higher than usual even though the economy was strong and corporate earnings were approaching record highs. In “Does the Bull Still Have Room to Roam?” our chief investment officer, Christopher M. Hyzy, addresses some of these concerns and suggests several reasons for optimism.
Lastly, I am pleased to announce a landmark study from U.S. Trust, “Women’s Entrepreneurial Journeys,” which gives an in-depth look at eight women who either founded or bought businesses and guided them to success while facing considerable odds. I recently had dinner with several of the women and was able to listen to their unique stories firsthand. A condensed version of the study, “Women on the Journey to Ownership,” can be found here.
I hope that you find this issue of Capital Acumen engaging and that you and your family are having a safe and enjoyable summer.
Katy Knox
President
U.S. Trust, Bank of America Private Wealth Management
Important Information
Investing involves risk. There is always the potential of losing money when you invest in securities. The information and views contained in this publication are for informational purposes only and do not provide investment advice or take into account your particular investment objectives, financial situations or needs and are not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument or strategy. Neither U.S. Trust, Bank of America Corporation nor any of its affiliates are responsible for this content, and before acting on any information in this material, you should consider whether it is suitable for your particular circumstances, liquidity needs, time horizon and risk tolerance and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice and are only correct as of the stated date of their issue. Projections made may not come to pass due to market conditions and fluctuations. Some of the featured participants are not employees of U.S. Trust. The opinions and conclusions expressed are not necessarily those of U.S. Trust or its personnel. Any of their discussions concerning investments should not be considered a solicitation or recommendation by U.S. Trust and may not be profitable.
Past performance is no guarantee of future results. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
Any information presented about tax considerations affecting client financial transactions or arrangements is not intended as tax advice and should not be relied upon for the purpose of avoiding any tax penalties. Neither U.S. Trust and its representatives nor its advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.
Always consult with your independent attorney, tax advisor, investment manager and insurance agent for final recommendations and before changing or implementing any financial, tax or estate planning strategy.
