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Wealth

Ultra-Rich Americans Are Asking BofA’s Katy Knox Some Unusual Questions

The head of Bank of America’s private bank oversees a group managing customers ready to invest at least $3 million. Business is booming, she says.

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These are strange times for even the richest Americans: A pandemic shook the world and yet everything rose in value. Now many are calling up their wealth managers, asking more — and often unusual — questions.

Can a third or fourth home be a good investment? Should I add cryptocurrency to my investment portfolio? How do I leverage my art collection? Is it time to sell the family business and move to Florida — or maybe just move to Florida? Can grandkids join the next estate-planning call on Zoom?