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Lorna Sabbia of Bank of America Merrill Lynch Named Chairperson of MMI Board of Governors

Merrill Lynch was named “Advisory Solutions Sponsor Firm of the Year” by the Money Management Institute (MMI) for Merrill Lynch Investment Advisory program on the Merrill Lynch One® platform. The award category recognizes the sponsor firm that made a meaningful contribution to innovation within the advisory solutions industry and exemplified overall excellence, achievement and growth.

Established in 1997, MMI is a national association and leading voice for global financial services organizations that provide advice and professionally managed solutions to individual and institutional investors. Now in their seventh year, MMI’s Industry Leadership Awards recognize innovation and achievement in the advisory solutions industry. The award winners are determined by votes among MMI member firms.

The Merrill Lynch One platform gives advisors a unified household view of clients and greater insight for deepening their relationships. Advisors enjoy greater efficiencies through intuitive workflows, providing more time for clients, and platform features for documenting their investment advice and services.

In addition, Lorna Sabbia, managing director and head of Managed Solutions at Bank of America Merrill Lynch, assumed her new role as the chairperson of MMI’s board of governors. MMI’s board of governors is comprised of representatives from 32 leading financial services firms that collectively handle more than 90 percent of the approximately $4 trillion in assets under management in the advisory solutions industry.

Bank of AmericaBank of America is one of the world's largest financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers and approximately 15,900 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is a marketing name for the Retirement Services business of Bank of America Corporation (BofA Corp.). Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., member FDIC. Brokerage services may be performed by wholly owned brokerage affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer and member SIPC.

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Reporters May Contact:Julia Ehrenfeld, Bank of America, 1.646.855.3267julia.ehrenfeld@bankofamerica.com