Bank of America Named No. 1 Nonprofit OCIO Provider Globally in 2025

Rhea-AI Summary

Bank of America (NYSE: BAC) was named the No. 1 nonprofit outsourced chief investment office (OCIO) provider globally for 2025, reporting $79.2 billion in nonprofit OCIO assets under management. The designation comes from the Chestnut Solutions Institute 2025 Global OCIO Survey.

The survey covered 56 OCIO providers (about 82% of global OCIO AUM) and the report projects the OCIO market could reach $5.8 trillion by 2030. Bank of America's OCIO 2.0 model emphasizes governance advisory, strategic planning, and mission-aligned services for nonprofits.

Positive

• No. 1 nonprofit OCIO provider globally (2025)
• $79.2 billion in nonprofit OCIO assets under management
• Survey coverage represented approximately 82% of global OCIO AUM
• Industry projection: OCIO market to reach $5.8 trillion by 2030

Negative

• None.

News Market Reaction – BAC

+0.44%

+0.44% Session close to close

In the Apr 7 session, BAC gained 0.44%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights BAC’s positioning in institutional asset management, with the firm rank...

Analysis

This announcement highlights BAC’s positioning in institutional asset management, with the firm ranked No. 1 globally for nonprofit OCIO and reporting $79.2 billion in nonprofit OCIO assets under management. The Chestnut Solutions Institute survey covers 56 providers and about 82% of global OCIO AUM, underscoring the award’s breadth. In context of recent branded partnerships and technology investments, this reinforces BAC’s multi-segment strategy. Investors may watch for future disclosures on OCIO growth and cross-selling into its nearly 70 million client base.

Key Figures

Nonprofit OCIO AUM: $79.2 billion Global OCIO market: $5.8 trillion OCIO providers surveyed: 56 providers +5 more

8 metrics

Nonprofit OCIO AUM $79.2 billion Nonprofit assets under management reported in OCIO business

Global OCIO market $5.8 trillion Expected size of OCIO marketplace by 2030

OCIO providers surveyed 56 providers Count of firms in 2025 Global OCIO Survey

OCIO assets coverage 82% Share of global OCIO AUM represented in survey

Consumer and small business clients 70 million Nearly 70 million U.S. consumer and small business clients

Retail financial centers 3,600 centers Approximate number of U.S. retail financial centers

ATMs 15,000 ATMs Approximate number of ATMs in the U.S.

Verified digital users 59 million Approximate number of verified digital banking users

Historical Context

5 past events · Latest: Mar 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 31	Co-branded cards launch	Positive	+3.2%	Launch of Royal ONE™ and Royal ONE Plus™ co-branded cruise credit cards.
Mar 27	Youth golf partnership	Positive	-2.6%	Watson Links partnership to expand mentor-led youth golf experiences.
Mar 26	Race sponsorship	Positive	-1.1%	Sponsorship of record-setting 45th Shamrock Shuffle running event.
Mar 26	AI tools launch	Positive	-1.1%	Launch of AI-Powered Meeting Journey to streamline advisor workflows.
Mar 23	Soccer initiative	Positive	+0.8%	‘Soccer at Schools’ program to expand soccer access nationwide by 2030.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent BAC headlines have often been positive brand, partnership, or technology stories, with a mixed price reaction pattern that shows several instances of the stock declining on favorable news.

Recent Company History

Over the past few weeks, BAC has issued a series of partnership and brand-building announcements. On Mar 31, it launched co-branded Royal ONE™ credit cards with Royal Caribbean, which coincided with a 3.22% gain. Community and sponsorship news around youth golf (Mar 27) and the 45th Shamrock Shuffle on Mar 26 saw declines of -2.63% and -1.05%. The same day, an AI-Powered Meeting Journey launch also aligned with a -1.05% move, while the Soccer at Schools initiative on Mar 23 preceded a 0.76% uptick. Today’s OCIO recognition continues this theme of franchise-strengthening news.

Key Terms

outsourced chief investment office, assets under management, fiduciary, fdic insured, +1 more

5 terms

outsourced chief investment office financial

"recognized as the No. 1 outsourced chief investment office (OCIO) provider"

An outsourced chief investment office is a third-party professional team hired to set and run an organization’s investment strategy, much like hiring an experienced coach to manage a sports team. Investors care because this transfers day-to-day decision-making, risk management and reporting to outside experts—potentially improving returns or reducing volatility—but also introduces fees, reliance on the manager’s judgment and the need for clear oversight and alignment with the client’s goals.

assets under management financial

"OCIO reported $79.2 billion in nonprofit assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

fiduciary regulatory

"Trust, fiduciary and investment management services, including assets managed"

A fiduciary is a person or organization legally required to act in another party’s best financial interest when handling money or giving investment advice. Think of a fiduciary as a trusted guardian who must choose what benefits the client rather than what benefits themselves; for investors, this reduces conflicts of interest and gives stronger protection that decisions and recommendations prioritize the investor’s financial wellbeing.

fdic insured regulatory

"Bank of America, N.A., Member FDIC (Federal Deposit Insurance Corporation)"

A U.S. government insurance program that protects money held in eligible bank and savings accounts up to a set limit if the bank fails. It matters to investors because it acts like a safety net for cash — reducing the risk of losing deposits and helping decide where to park short‑term funds — but it does not cover stocks, bonds, mutual funds, or cryptocurrencies.

investment products financial

"Investment products — Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value"

Investment products are financial tools people buy or use to try to grow money, generate income, or protect against risk. Examples include stocks, bonds, mutual funds, exchange-traded funds and insurance-linked products; think of them like different tools or baskets you choose depending on whether you want growth, steady income, or safety. They matter to investors because each product carries its own potential return, cost and risk, which directly affects portfolio performance and financial goals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., April 7, 2026 /PRNewswire/ -- Bank of America has been recognized as the No. 1 outsourced chief investment office (OCIO) provider to nonprofit organizations globally in 2025, according to the 2025 Global OCIO Survey by the Chestnut Solutions Institute.¹ The company's OCIO reported $79.2 billion in nonprofit assets under management.

"This recognition underscores our role as a strategic partner to nonprofits as they navigate complex investment and governance challenges," said Bernard Reidy, National Endowment & Foundations Executive at Bank of America Private Bank. "As nonprofits face heightened market and stewardship pressures, our integrated OCIO 2.0 platform provides enhanced transparency and guidance to streamline processes and support mission‑aligned decision making."

The report noted that Bank of America's leadership in nonprofit OCIO services is supported by its legacy trust platform, national scale, and a dedicated team serving endowments, foundations, healthcare systems, and other nonprofit institutions. The company's OCIO 2.0 model further strengthens its offering for nonprofits by delivering value‑added governance advisory, strategic planning support, spending policy design, leadership development, fundraising strategies, and more tailored to their needs.

The global OCIO marketplace is expected to grow to nearly $5.8 trillion by 2030, according to The Chestnut Solutions Institute². As the industry rapidly expands and OCIO 2.0 reshapes expectations for integrated oversight, a new Bank of America article examines how consolidating OCIO providers can help nonprofits streamline operations, strengthen governance, and better manage resources.

The Chestnut Solutions Institute's 2025 Global OCIO Survey introduces a new, industry-vetted definition of an OCIO mandate and is designed to increase transparency and comparability across providers. The report surveyed 56 OCIO providers, representing approximately 82% of global OCIO assets under management.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Carolyn Batt, Bank of America
Phone: 1.646.983.1369
carolyn.batt@bofa.com

Footnotes

¹ Chestnut Solutions Institute. "Measuring the Global OCIO Marketplace: 2025 Global OCIO Study Findings." January 2026.
² Chestnut Solutions Institute. "Measuring The Global OCIO Marketplace: 2025 Study Findings Report." January 2026.

Important Disclosures

Eligibility for the 2025 OCIO Market Leader Awards was limited to firms that participated in the Chestnut Solutions Institute's 2025 Global OCIO Study, reflecting their commitment to industry transparency and adherence to the Institute's new OCIO mandate definition.

These awards recognize the leading OCIO providers whose market scale can now be assessed on a consistent and comparable basis for the first time.

Each participating firm confirmed that the data in their survey submission complied with the Institute's study guidelines, specifically:

• OCIO AUM was calculated in accordance with the Institute's detailed criteria for counting OCIO assets, provided to all survey participants
• OCIO AUM by client type reflected only OCIO engagements for end clients within that specific client category
• OCIO AUM for each category was reported as of June 30, 2025

The Institute awarded a 2025 OCIO Market Leader Award to the five firms reporting the largest OCIO AUM as of June 30, 2025 in each of the nine award categories.

Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.

Neither Bank of America Private Bank nor any of its affiliates or advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Credit and collateral subject to approval. Terms and conditions apply. Programs, rates, terms and conditions subject to change without notice.

Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC (Federal Deposit Insurance Corporation) and wholly owned subsidiary of Bank of America Corporation ("BofA Corp."), and its agents.

Bank of America Private Bank is a division of Bank of America, N.A.

U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation.

Investment products
Are Not FDIC Insured	Are Not Bank Guaranteed	May Lose Value

Bank of America, N.A., and U.S. Trust Company of Delaware (collectively the "Bank") do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.

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SOURCE Bank of America Corporation

FAQ

What did Bank of America announce on April 7, 2026 about its OCIO ranking (BAC)?

Bank of America announced it was named the No. 1 nonprofit OCIO provider globally for 2025. According to the company, this recognition reflects its nonprofit OCIO scale, capabilities and the firm’s OCIO 2.0 integrated governance services.

How much nonprofit OCIO assets under management did Bank of America report (BAC)?

Bank of America reported $79.2 billion in nonprofit OCIO assets under management. According to the company, that figure represents its nonprofit OCIO AUM as reported to the Chestnut Solutions Institute as of June 30, 2025.

What is the Chestnut Solutions Institute survey and how broad was its coverage in 2025?

The Chestnut Solutions Institute survey introduced an industry OCIO definition and surveyed 56 providers. According to the company, respondents represented about 82% of global OCIO AUM, improving comparability across providers.

What does Bank of America's OCIO 2.0 offering mean for nonprofit clients (BAC)?

OCIO 2.0 combines investment oversight with governance advisory, strategic planning and spending policy design. According to the company, this model aims to streamline operations and support mission-aligned decision making for nonprofit clients.

How large is the OCIO market outlook cited in Bank of America's announcement (BAC)?

The announcement cites a projected OCIO marketplace of nearly $5.8 trillion by 2030. According to the company, that projection from the Chestnut Solutions Institute signals rapid industry expansion and rising demand for integrated OCIO services.