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Andrew Sieg Biography and Net Worth

Insider of Bank of America

Andy Sieg is president of Merrill Lynch Wealth Management (MLWM) and a member of Bank of America Corporation’s executive management team. As head of MLWM, he oversees more than 25,000 employees who provide investment and wealth management strategies to individuals and businesses across the U.S.

With more than $3 trillion in client balances as of June 30, 2021, Merrill is among the largest businesses of its kind in the world. MLWM financial advisors consistently rank at or near the top of various annual industry-wide rankings, including those conducted by Forbes, Financial Times, Working Mother Magazine and Financial Planning.

Since joining Merrill in 1992, Sieg has held a succession of senior strategy, product and field leadership roles in the wealth management business. From 2005-2009, he led the Emerging Affluent Client Segment within Citigroup Global Wealth Management. In 2009, after Merrill’s acquisition by Bank of America, Sieg returned to Merrill.

Earlier in his career, Sieg served in the White House as an aide to the assistant to the President for Economic and Domestic Policy. In 2015, he participated in the White House Conference on Aging.

Sieg earned a bachelor of science in economics from Penn State University, and serves on the External Advisory Board of its Schreyer Honors College. He also holds a master in public policy degree from the Harvard Kennedy School, where he serves on the Dean’s Council.

Sieg and his wife, Heliane, and their three children reside in Greenwich, CT.

How do I contact Andrew M. Sieg?: The corporate mailing address for Mr. Sieg and other Bank of America executives is 100 N. TRYON STREET, CHARLOTTE NC, 28255. Bank of America can also be reached via phone at (704) 386-5681 and via email at [email protected]. Learn More on Andrew M. Sieg's contact information.
Has Andrew M. Sieg been buying or selling shares of Bank of America?: Andrew M. Sieg has not been actively trading shares of Bank of America during the last ninety days. Most recently, Andrew M. Sieg sold 18,407 shares of the business's stock in a transaction on Friday, January 28th. The shares were sold at an average price of $45.12, for a transaction totalling $830,523.84. Learn More on Andrew M. Sieg's trading history.
Who are Bank of America's active insiders?: Bank of America's insider roster includes Dean Athanasia (Insider), Frank Bramble (Director), James Demare (Insider), Lindsay Hans (President, Merrill Wealth Management), Matthew Koder (Insider), Bernard Mensah (President of International, Bank of America Chief Executive Officer, MLI), Brian Moynihan (Chairman & CEO ), Thong Nguyen (Vice Chairman), and Andrew Sieg (Insider). Learn More on Bank of America's active insiders.
Are insiders buying or selling shares of Bank of America?: During the last twelve months, Bank of America insiders bought shares 3 times. They purchased a total of 6,414 shares worth more than $67,058.64. During the last twelve months, insiders at the financial services provider sold shares 33 times. They sold a total of 169,636,152 shares worth more than $6,952,505,163.96. The most recent insider tranaction occured on October, 15th when Major Shareholder Berkshire Hathaway Inc sold 8,694,538 shares worth more than $369,952,591.90. Insiders at Bank of America own 0.3% of the company. Learn More about insider trades at Bank of America.
Information on this page was last updated on 10/15/2024.

Andrew M. Sieg Insider Trading History at Bank of America

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
1/28/2022	Sell	18,407	$45.12	$830,523.84

Andrew M. Sieg Buying and Selling Activity at Bank of America

Bank of America Company Overview

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Today's Range

Now: $46.06

$45.92

$46.63

50 Day Range

MA: $41.92

$38.65

$46.75

2 Week Range

Now: $46.06

$29.32

$47.02

Volume

28,019,224 shs

Average Volume

37,146,452 shs

Market Capitalization

$353.41 billion

P/E Ratio

16.75

Dividend Yield

2.24%

Beta

1.32

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