Bank of America's Stock Climbs 1.12% on $1.76B Volume Ranking 33rd as New Private Market Program Targets UHNW Investors

On September 4, 2025, Bank of America (BAC) rose 1.12% with a trading volume of $1.76 billion, ranking 33rd in the market. The bank announced a new private market program targeting ultra-high-net-worth clients, signaling a strategic shift to expand alternative investment options. The Alts Expanded Access Program, launching in fall 2025, will offer clients with $50 million or more access to institutional-grade private market funds. This initiative aligns with growing demand among wealthy investors, particularly younger high-net-worth individuals, who allocate 17% of their portfolios to alternatives and plan to increase this further.

Mark Sutterlin, head of alternative investments for the bank, emphasized that the program addresses evolving wealth management needs, providing exclusive access to niche strategies and emerging sectors. The offering builds on the success of previous initiatives like Premium Access Strategies, which managed over $60 billion in assets within three years. By catering to clients seeking non-traditional investments, Bank of America aims to strengthen its competitive edge in a market where rivals like Morgan Stanley and Goldman Sachs are also expanding private equity access to high-net-worth individuals.

The move reflects broader industry trends as financial institutions lower barriers to alternative investments. With rising interest in private markets and increased competition, the bank’s focus on tailored solutions for UHNW clients could enhance its market position. However, the high-risk nature of private investments and regulatory complexities remain challenges for both providers and investors.

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