Finance Of America Companies Inc. shares rise 1.69% intraday after Merrill Wealth Management and Bank of America Private Bank launch new private market program.

Finance Of America Companies Inc. rose 1.69% in intraday trading. The company's stock price increase may be attributed to the launch of the Alts Expanded Access Program by Merrill Wealth Management and Bank of America Private Bank, which offers ultra-high-net-worth clients access to institutional-grade private market funds. This program is designed to complement the investment options available through Merrill's and Bank of America Private Bank's core Alternative Investments platform, offering qualified investors avenues to build an expanded allocation to alternatives as part of a diversified portfolio.