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GREATER WASHINGTON MARKET EXECUTIVE, MERRILL WEALTH MANAGEMENT, WASHINGTON, D.C.
GREATER WASHINGTON MARKET EXECUTIVE, MERRILL WEALTH MANAGEMENT, WASHINGTON, D.C.
Virginia Business// August 30, 2023//
As Greater Washington market executive for Merrill, the wealth management arm of Bank of America, Francisco Castellanos leads the D.C. market’s nearly 150 financial advisers, overseeing some $31 billion in client assets. He was named to the position late last year, having previously been Merrill’s Greater Virginia market executive and for 18 months also serving as Hampton Roads market president for Bank of America.
A native of Cuba, the former Foreign Service officer is vice chair of Merrill’s Hispanic Latino Advisory Council. He holds a bachelor’s degree from George Mason University.
Merrill parent Bank of America boasts 217,000 employees worldwide, including about 4,100
in Virginia. The $95 billion company reported $25.2 billion in revenue for the second quarter of 2023, up from $22.7 billion last year. In the first quarter of 2023, the company reported a record in net new clients for its wealth and investment management business, with 14,500 net new relationships.
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