Global Institutional Consulting (GIC) is part of the Global Wealth and Retirement Services business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation ("U.S. Trust"). U.S. Trust operates through Bank of America, N.A., Member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), www.sipc.org, and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients' rights and MLPF&S's obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S.
Investing involves risk, including possible loss of principal. Past performance, rebalancing and asset allocation do not ensure a profit or protect against loss.
BofA Merrill Lynch Global Research is produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and/or one or more of its non-U.S. affiliates. MLPF&S is a registered broker-dealer, member SIPC, and wholly owned subsidiary of Bank of America Corporation.
Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp.