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Investment News, January, 2007
Bank of America UMA focused on tax efficiency Bank of America Corp. in Charlotte, N.C., has launched Portfolio Strategies - Managed, a unified managed investment advisory account that will provide diversification through multiple institutional-level separate-account managers and mutual funds in one account.
The program provides tax efficiency potential through overlay management, a full range of client-centered portfolios - more than 70 in total - with investment minimums as low as $250,000 which are designed to match closely the asset allocation recommendations provided by Bank of America. Portfolio Strategies - Managed initially will be available to affluent clients through Banc of America Investment Services Inc. Parametric Portfolio...
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