Eric Schimpf is president and co-head of Merrill Wealth Management, and a
member of Bank of America Corporation’s executive management team.
In this role, Schimpf, along with co-head Lindsay Hans, oversees more than
25,000 employees who provide investment and wealth management strategies
to individuals and businesses across the U.S. With $4.1 trillion in client balances
as of June 30, 2026, Merrill is among the largest businesses of its kind in the
world. Its financial advisors consistently rank at or near the top of various
annual industry-wide rankings.
Schimpf and Hans also oversee Bank of America’s Investment Solutions
Group and the Chief Investment Office, which include a wide range of
thought leadership, product and portfolio offerings, and platforms.
Schimpf began his career in Merrill Wealth Management as a Financial Advisor in
1994. Prior to his current role, he served in several leadership positions, including
division executive for the Pacific Coast Division, co-head of the Enterprise Advisor
Development program and division executive for the Southeast Division.
Schimpf joined Merrill Wealth Management after being commissioned as an
infantry officer in the United States Army, where he also earned qualification as
an airborne ranger.

