1. Global Wealth & Investment Management
at Bank of America
Brian Moynihan
President, Global Corporate & Investment Banking
BancAnalysts Association of Boston
November 9, 2007

2. Key Takeaways
1. Solid momentum
2. Strong returns and client relationships
3. Lots of opportunity to grow
2

3. Opportunity to Leverage the Strength of Our Franchise
Global Wealth & Investment Management Bank of America Opportunities
Leadership Position
3 million individual and 13.4 million affluent
institutional clients customer relationships
Largest private banking 300,000 wealthy customer
business in the U.S. relationships
Leading manager of 30,000 middle market
specialty assets institution relationships
Top 10 U.S. mutual fund relationships with 80% of
family, wholesale asset companies with pension
mgt complex and global assets of $200MM
money fund manager
3

4. A sizeable and successful competitor
YTD GWIM Financials as of September 30, 20071
($B)
Revenue2 $6.0
Net Income 1.7
AUM3 709.9
Total Client Assets 999.2
Average Loans 70.3
Average Deposits2 120.4
Efficiency ratio 54.4%
ROE 22.2%
Associates 13,694
1) July 2007, the operations of the recently acquired U.S. Trust Corporation were combined with the former Private Bank creating U.S. Trust, Bank of America
Private Wealth Management. The results of the combined business were reported for periods beginning on July 1, 2007. Prior to July 1, 2007, the results
solely reflect that of the former Private Bank.
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2) YTD Migration impact of $9.0Bn in Balances and $151MM of Deposit NII included; 3) see corresponding end note on page 24

5. How We’re Organized
5

6. Financial Snapshot
Revenue by LOB YTD Q307* Revenue by product YTD Q307*
Other Brokerage
4.5% Income Loan NII
Columbia
Premier
Management
Banking &
Investments
22.7%
46.2% Asset Mgt Deposit NII
Fees
26.6%
U.S. Trust
Other Income
YTD as of 9/30/07
Line of Business Revenue Net Income Pre-tax margin ROE
Premier Banking & Investments $2.8B $0.98B 55.3% 81.2%
U.S. Trust 1.6B 0.34B 33.7% 21.2%
Columbia Management 1.4B 0.33B 37.7% 26.4%
Total GWIM $6.0B $1.76B 45.9% 22.2%
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*Includes U.S. Trust revenue YTD Q32007

7. Global Wealth & Investment Management
Our Clients and How We Serve Them
High Ultra High Mid-Market
Mass Large
Affluent Net Worth Net Worth Institutions
Market Institutions
INVESTABLE
ASSETS
$3MM - $50MM $50MM Plus To $250MM $250MM Plus
To $100K $100K - $3MM
Banking, Integrated Wealth & Family Office, Investment & Asset
NEED
Borrowing, Banking & Legacy Investment Distribution Policy, Management
Saving Investments Planning Consulting Trustee Services Excellence
Plus… Plus…
Deposits, Plus… Foundation, Mutual Funds
Loans Charitable Giving
Wealth Structuring Multi Family Office
PRODUCTS
Integrated Liquidity
Banking and Alternative Asset Trustee Services Strategies
Straightforward Banking &
Investment
Investment Structured Credit Mgt products Investment Separate
Products Securities Consulting Accounts
Complex Trust Philanthropic and
Brokerage
Insurance Foundation Retirement
Alternative
Services
Simple Trust Administration
Investments
Global Consumer Premier Banking U.S. Trust Columbia
Relationship
CHANNEL
Bank of America, Private Wealth Management
& Small Business & Investments Management
Institutional
Banking GCSBB
Alternative Investment Group · Bank of America Retirement &
GWIM Client Solutions · Columbia Management
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8. Our Growth Strategy
Affluent client segment
• grow sales capacity to serve clients
• build new model to serve more
affluent customers in Consumer
• build out retirement capabilities
… while maximizing value
High Net Worth client segment of the franchise through
Partnerships for Growth
• integrate U.S. Trust successfully
• leverage brand, business model and
Bank of America franchise
Asset management
• sustain investment performance
• integrate Excelsior and build out
investment offerings
• continue to strengthen distribution
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9. How Bank of America Serves the Affluent Today
Affluent households with investable assets of $100K - $3MM
26 million
In the United States
13.4 million
Served by Bank of America
Served by Global Consumer & Small
6.4 million
Business Banking (excluding card only)
800K
Served by Premier Banking & Investments
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10. How Premier Banking & Investments
Serves Affluent Clients Today
Dedicated teams
More than 4,000 Client Managers and Financial
Advice
Advisors in local markets nationwide
Bank of America brand
5,800 stores, 17,000 ATMs, # 1 Online Banking,
Convenience
integrated and highly rated online brokerage
Priority service
Premier Relationship Center
Respect Banc of America Investment Services, Inc. (BAI)
Investment Center
1,200 professionals in these centers combined
Relationship and targeted pricing
Value
$0 Online Equity Trades, Mortgages, CD Rates,
Money Market
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11. Growth in Premier Banking & Investments
Premier HH w/ brokerage relationship (000s) Client loans & deposits referred from FAs to CMs
32% $7.1B
CAGR 11%
$5.8B
267
32%
$3.5B
237
28%
$2.3B
217
Q3 2005 Q3 2006 Q3 2007 2004 2005 2006 YTD2007
PB&I client balances at period end ($B) PB&I client average loan balances ($B)
CAGR 13% CAGR 19%
$299 $35.5
$266 $30.8
100
$241 Deposits
86 $25.0
87
MM MF
32
27
17 167 Other
153
Brokerage
129
Q3 2005 Q3 2006 Q3 2007 11
Q3 2005 Q3 2006 Q3 2007

12. Why We Like the Retirement Opportunity
• ~ 80% of consumers see retirement as issue
1. Client Needs
• Planning assistance is key
• 1st of 78MM Baby Boomers turn 62 in 2008
2. Demographics
• Population > 60 increases 55% in next 20 years
• $15.1T total assets
3. Market Size • ~ $35B annual profit pool
4. Competition • Highly fragmented
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13. Building Out Our Retirement Capabilities
13

14. 14

15. More Powerful Capabilities for Serving Wealthy Clients
WEALTH STRUCTURING INVESTMENT MANAGEMENT BANKING AND CREDIT MULTI-FAMILY OFFICE
Financial planning Investment strategy Custom credit solutions Comprehensive set of
Tax consulting Asset allocation Mortgage lending services to meet the
Trust and estate planning Investment management Personal and business complex needs of ultra
and fiduciary services banking high net worth clients
Philanthropic advisory
Specialty asset management
15

16. Improved Margins
($MM)
Q3 2006 Revenue NIBT Pre-Tax Margin
The Private Bank $454 $147 32.4%
U.S. Trust 175 25 14.3%
Combined 629 172 27.3%
Q3 2007
U.S. Trust $674 $227 33.7%
YOY Growth 7% 32% 640bps
U.S. Trust client balances (as of 9/30/07)
Deposits (average) $27.8B
Loans (average) 41.5B
Assets under management 225.3B
Client brokerage assets 32.8B
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17. 17

18. Columbia Management and affiliates
Assets under management: $709B1 Total Assets Under Management ($B)
23rd largest asset manager globally2 (as of 9/30)
16th largest U.S.-based asset manager3
$709
8th largest U.S. mutual fund family4
700
8th largest global money fund manager5
600 246
$517
AUM by Client Segment (as of 9/30/07) $457
500 $429
109
232
400
210
34% 26% 183
300
High Net Retail 87
85 354
Worth 200 95
198
100 162
40% 151
0
Institutional
2004 2005 2006 2007
Equity Fixed Income MM / Other
1) Represents Columbia Management and its affiliates as of 9/30/07, please see corresponding end note on page 24. 2) Ranked by total
worldwide institutional AUM as of 12/31/06, according to Pensions & Investments, 5/28/07; 3) Ranked by AUM as of 12/31/06, according to 18
Pensions & Investments, 5/28/07; 4) Source: Strategic Insight, 9/30/07; 5) Source: iMoneyNet, 9/30/07

19. Morningstar Equity Fund Rankings By Firm – 3 Year
3 Yr Avg % Funds Above
Rank Firm Funds Assets
Median
Ranked Mstar
1 Alger 13 5,702 6.4 100%
2 Nicholas-Applegate 11 735 19.7 100%
3 Waddell & Reed 11 16,648 20.6 81.8%
4 Royce 16 24,830 28.8 81.3%
5 Nationwide 21 2,629 30.2 76.2%
6 Columbia Management 42 88,947 30.7 81.0%
7 Dimensional Investment Grp 33 82,884 31.0 75.8%
8 JennisonDryden 20 23,549 31.5 70.0%
9 Janus 42 94,593 31.7 78.6%
10 Allianz Funds 28 26,335 32.6 75.0%
11 Vanguard 25 268,479 33.4 84.0%
12 Hartford Mutual Funds 48 85,924 34.3 70.8%
13 OppenheimerFunds 27 94,719 35.4 66.7%
14 American Funds 12 823,523 35.7 66.7%
15 Old Mutual Advisor 16 3,138 36.5 68.8%
16 Schwab Funds 10 10,933 37.4 70.0%
17 Fidelity Investments 146 664,396 38.3 68.5%
18 Ivy Funds 16 13,607 38.8 62.5%
19 Neuberger Berman 12 22,056 39.2 66.7%
20 Eaton Vance 26 21,583 39.8 65.4%
...
83 Legg Mason Partners 19 23,305 71.2 15.8%
Average Rankings based on Morningstar data as of 9/30/07 for firms with minimum of 10 funds. Rankings include actively managed equity funds 19
but exclude index and Fund of Funds; share classes used may have limited eligibility and may not be available to all investors; the representative
share class for Columbia Management fund performance is Class A where appropriate; Excelsior Funds are excluded and rank # 35 separately.

20. Stronger Performance, Stronger Sales
Net Flows ($B) $35.0
$27.5
$24.4
88% 88%
77%
61%
55%
53%
2005 2006 YTD 2007
Intermediary Gross Sales ($B)
$34.0
$29.7
$28.8
9/30/05 9/30/06 9/30/2007 $21.3
% of AUM (in all funds) in 4 or 5 star funds
% of AUM in 1st and 2nd performance quartiles
2004 2005 2006 YTD 2007
See corresponding end notes on page 24
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21. Strategic Initiatives Underway
Alternatives
International
Retirement
21

22. Partnerships for Growth: Client Referral Momentum
Why:
Client Referrals Completed as of 9/30 1
Best way to solve our clients’ needs
Deepening relationships with existing 183,423
CAGR 64%
customers represents best opportunity for
profitable growth
Leverages strength of our franchise by
generating referrals for all LOB 116,880
Strengthens teamwork across lines of
business in each market
68,135
What’s involved:
46 local markets with GWIM leader
Personal and institutional client teams
drive teamwork
2005 2006 2007
Referral guidelines ensure right channel
1) Excludes migration of customers from Global Consumer and
Appropriate incentives for fulfilling clients’
Small Business Banking to Premier Banking & Investments
needs
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23. Key Takeaways
1. GWIM has solid momentum, and we are
investing and executing to extend it
2. GWIM provides strong returns for shareholders
and maintains strong relationships with clients
3. Our best opportunity is to continue to leverage
the strength of the Bank of America franchise
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24. End Notes
Note for pages 4 and 18
Columbia Management and its affiliates (Columbia Management)
Columbia Management and its affiliates comprise the wealth and investment management division of Bank of America
Corporation. As of September 30, 2007, Columbia Management and its affiliates managed assets of $709.9 billion. Columbia
Management and its affiliates’ managed assets consist of assets under the discretionary management of the registered
investment advisors, Columbia Management Advisors, LLC ($377.9 billion), Columbia Wanger Asset Management, L.P. ($38.5
billion) and Marsico Capital Management, LLC ($103.4 billion); U.S. Trust, Bank of America Private Wealth Management; Banc of
America Investment Services, Inc.; Banc of America Investment Advisors, Inc.; Bank of America Capital Advisors, LLC; Premier
Banking & Investments, and United States Trust Company, National Association, including its subsidiary, UST Advisers, Inc.
($116.5 billion).
Notes for page 20
(1) Results shown are defined by Columbia Management’s calculation using Morningstar’s Overall Rating criteria for 4 & 5 star
rating. The assets under management of the Columbia Funds that had a 4 & 5 star rating were totaled then divided by the assets
under management of all the funds in the ranking.
©2006 by Morningstar, Inc. All rights reserved. The information contained herein is the proprietary information of Morningstar,
Inc., may not be copied or redistributed for any purpose and may only be used for noncommercial, personal purposes. The
information contained herein is not represented or warranted to be accurate, correct, complete or timely. Morningstar, Inc. shall
not be responsible for investment decisions, damages or other losses resulting from the use of this information. Past
performance is no guarantee of future results.
(2) Results shown are defined by Columbia Management’s calculation of its percentage of assets under management in the top two
quartiles of categories based on Morningstar (Equity categories), Lipper ( Fixed Income categories), and iMoneyNet (Money
Market funds). The category percentile rank was calculated by ranking the three year gross return of share classes within the
categories stated above. The assets of funds within the top two quartiles were added and then divided by total mutual fund
assets under management in Columbia Management and affiliates. Had fees been included, rankings would have been lower. Past
performance is no guarantee of future results.
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25. Forward Looking Statements
This presentation contains forward-looking statements, including statements about the
financial conditions, results of operations and earnings outlook of Bank of America
Corporation. The forward-looking statements involve certain risks and uncertainties. Factors
that may cause actual results or earnings to differ materially from such forward-looking
statements include, among others, the following: 1) projected business increases following
process changes and other investments are lower than expected; 2) competitive pressure
among financial services companies increases significantly; 3) general economic conditions
are less favorable than expected; 4) political conditions including the threat of future terrorist
activity and related actions by the United States abroad may adversely affect the company’s
businesses and economic conditions as a whole; 5) changes in the interest rate environment
and market liquidity reduce interest margins, impact funding sources and effect the ability to
originate and distribute financial products in the primary and secondary markets; 6) changes in
foreign exchange rates increases exposure; 7) changes in market rates and prices may
adversely impact the value of financial products; 8) legislation or regulatory environments,
requirements or changes adversely affect the businesses in which the company is engaged; 9)
changes in accounting standards, rules or interpretations, 10) litigation liabilities, including
costs, expenses, settlements and judgments, may adversely affect the company or its
businesses; 11) mergers and acquisitions and their integration into the company; and 12)
decisions to downsize, sell or close units or otherwise change the business mix of any of the
company. Accordingly, readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date on which they are made. Bank of America does
not undertake to update forward-looking statements to reflect the impact of circumstances or
events that arise after the date the forward-looking statements are made. For further
information regarding Bank of America Corporation, please read the Bank of America reports
filed with the SEC and available at www.sec.gov.
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