According to their most recent financial reports for the end of 2025 (released January 14, 2026), here is the breakdown of their managed assets:
1. Global Wealth & Investment Management (GWIM)
This division, which includes Merrill (formerly Merrill Lynch) and Bank of America Private Bank, is where the bulk of their managed assets reside.
- Assets Under Management (AUM): Approximately $2.2 trillion (up 16% year-over-year).
- Total Client Balances: Approximately $4.8 trillion. This includes AUM as well as assets held in custody, brokerage accounts, and deposits.
2. Total Corporate Client Balances
When including all divisions—such as Consumer Banking, Workplace Benefits, and GWIM—the firm reported a massive scale of oversight:
- Total Client Balances: Surpassed $6.5 trillion across the entire company.
- Consumer Investments: Reached $600 billion in client assets.
- Workplace Benefits: Also exceeded $600 billion.
AUM vs. Total Assets
To keep these numbers in perspective, here is how they compare to the bank’s own balance sheet as of early 2026:
| Category | Amount | Description |
|---|---|---|
| Total AUM | ~$2.2 Trillion | Money managed for clients (Merrill & Private Bank). |
| Total Assets | ~$3.4 Trillion | The bank’s own holdings (loans, cash, securities). |
| Client Balances | ~$6.5 Trillion | Total value of all client money held or managed. |
Key Driver: The growth in AUM over the last year was largely attributed to a 13% increase in asset management fees, driven by strong market valuations and significant “net new flows” (new money being brought in by clients).
Would you like me to compare Bank of America’s AUM to other major institutions like JPMorgan Chase or Morgan Stanley?