U.S. Trust

About The Fund

U.S. Trust, Bank of America Private Wealth Management provides investment management, planned giving, and fiduciary services to a range of institutional clients, including not-for-profit organizations, corporations, public funds, insurance companies, and unions. The company provides wealth management services that include investment, financial, tax, and estate planning; and private banking services. Its planned giving services include administration, tax preparation, and record-keeping. It also offers investment consulting, tax-intelligent investment management, custody and private-label statement, and check distribution services. U.S. Trust also provides investment management, trustee, and fiduciary consulting services to employee benefit plans of all sizes. It serves as a fiduciary for qualified retirement plans, including 401(k) plans; employee stock ownership plans (ESOPs); and defined benefit plans that invest in blocks of employer securities. In addition, in its fiduciary role, the company makes investment decisions; and acts as an independent trustee protecting the interests of plan beneficiaries. It also resolves the conflicts of interest that arise during corporate recapitalizations, mergers, acquisitions, or management buy-outs. As of 05/31/2000, U.S. Trust Corporation operates as a subsidiary of Charles Schwab Corporation. U.S. Trust, Bank of America Private Wealth Management was formerly known as U.S. Trust Corporation. As a result of the acquisition of U.S. Trust Corporation by Bank of America Corp., U.S. Trust Corporation's name was changed. U.S. Trust, Bank of America Private Wealth Management is based in New York, New York. As of July 1, 2007, U.S. Trust, Bank of America Private Wealth Management operates as a subsidiary of Bank of America Corporation.