Bank of America Names Family Wealth Advisors Team to Serve Ultra High Net Worth in Dallas

DALLAS -- Alan Rappaport, president of Family Wealth Advisors, today announced the appointment of a dedicated team to serve Bank of America’s wealthiest clients in Dallas.

Senior Wealth Advisor Michele Huff will lead the integrated team of bankers, wealth advisors and client service specialists, leveraging the centralized Family Wealth Center to deliver customized advice, solutions and service to some of the nation’s wealthiest families and individuals.

The Dallas-based Family Wealth Advisors team also includes: Michael Castillo, wealth advisor; Morgan Thompkins, wealth advisor; Wendy Messmann, portfolio manager; Betty Dawson, relationship associate; and Manuel Gonzalez, relationship associate.

“ Dallas is a rapidly growing market for Family Wealth Advisors,” said Rappaport. “This strong local team will deliver a distinctive experience to our clients, helping them achieve their goals across the important facets of their lives.”

Headquartered in New York City, Family Wealth Advisors delivers highly sophisticated wealth and investment management advice, solutions and services to the nation’s wealthiest individuals and families. Family Wealth Advisors operates as an extension of The Private Bank of Bank of America. It was launched in April 2005 and is rolling out nationwide this year. Family Wealth Advisors now serves clients in the New York, San Francisco, Los Angeles, Chicago, Miami and Dallas metropolitan areas and in partnership with The Private Bank of Bank of America in other markets across the United States.

Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.