Specialty Asset Management
The Financial Benefits of Nonfinancial Assets
Overview
With unique attributes that distinguish them from other asset classes, nonfinancial assets may offer you valuable financial benefits while often providing personal benefits as well. Our Specialty Asset Management group has extensive experience managing timber, farm and ranch land, oil, gas and mineral interests 1, real estate and private businesses, and can work with your your Bank of America Private Bank team to integrate them into your overall plan and portfolio.
We can help you realize your objectives with assets you already own, or help you acquire specific assets to take advantage of their capital growth and diversification potential — whether you own these assets outright or they are held in trust. Our team of specialists can provide complete turnkey services including identifying and purchasing real property and providing ongoing management.
Farm and Ranch
At Bank of America Private Bank, our professionals directly coordinate the management of over 1.5 million acres 2 of farm and ranch land. We can help enhance the value of farms and ranches held outright or in a trust.
OUR FARM AND RANCH PROFESSIONALS PROVIDE:
- Professional land management
- Oversight of leases and current land use
- Annual reviews of asset performance and market conditions
- Acquisition and disposition services
- Soil, water and wildlife conservation programs
Real Estate
With specialized investment and property management services spanning many aspects of real estate ownership, we work to help meet your objectives for office, retail, industrial, multifamily and single-family properties, as well as development acreage you may hold directly or in trust.
OUR REAL ESTATE SPECIALISTS HELP ENHANCE POTENTIAL RETURNS BY PROVIDING:
- Strategic guidance and due diligence for acquisitions
- Comprehensive asset management and administration
- Highest and best use analysis
- Acquisition and disposition services
- Property marketing and sales services
Timberland
Bank of America Private Bank provides professional forestry and land management as well as advisory services for timberland investments held in trust or via direct ownership. Customized to help meet your goals, these services range from intensive investment return management to recreational, preservation and amenity management.
OUR TIMBERLAND PROFESSIONALS PROVIDE:
- Timber inventory and asset analysis
- Acquisition and disposition services
- Land enhancement
- Advanced silvicultural techniques
- Conservation and environmental management
- Identification of alternative sources of income
Oil & Gas
We provide a broad range of management and consulting services across all types of oil, gas and mineral interests 1 held in trusts. The team focuses on enhancing revenues, reducing expenses and improving the property.
WE HELP OPTIMIZE THE VALUE OF THESE ASSETS BY PROVIDING:
- Customized property management services
- Lease negotiations and monitoring
- Farm-out, unitization agreement and other contract negotiation
- Evaluation of and participation in workovers and wildcat and development wells
- Environmental inspections
- Petroleum engineering experience
- Comprehensive oil and gas accounting
Private Business
Bank of America Private Bank provides support to owners and heirs in the management of closely held business interests (nonmarketable equity securities), including C and S corporations, LLCs and FLPs.
OUR PRIVATE BUSINESS PROFESSIONALS PROVIDE:
- Strategic planning and oversight
- Risk monitoring
- Estate plan implementation
- Corporate governance oversight
- Business succession planning
1 Note: Oil, gas and mineral interests are not available for direct investment through Bank of America Private Bank.
The Specialty Asset Management 2018 Viewpoint is designed to provide general information about economics, asset classes, ideas and strategies. It is for discussion purposes only since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances.
Past performance is no guarantee of future results.
Nonfinancial assets, such as closely-held businesses, real estate, oil, gas and mineral properties, and timber, farm and ranch land, are complex in nature and involve risks including total loss of value.
Special risk considerations include natural events (for example, earthquakes or fires), complex tax considerations, and lack of liquidity. Nonfinancial assets are not suitable for all investors. Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.
Diversification does not ensure a profit or protect against a loss in declining markets.
