Andy Sieg is president of Merrill Lynch Wealth Management (MLWM) and a member of Bank of America Corporation’s executive management team. As head of MLWM, he oversees approximately 25,000 employees who provide investment and wealth management strategies to individuals and businesses across the U.S.
With approximately $2.4 trillion in client balances and more than 17,500 financial advisors as of June 30, 2020, Merrill is among the largest businesses of its kind in the world. MLWM financial advisors consistently rank at or near the top of various annual industry-wide rankings, including those conducted by Barron’s, Forbes, Financial Times, Working Mother Magazine and On Wall Street.
Since joining Merrill in 1992, Sieg has held a succession of senior strategy, product and field leadership roles in the wealth management business. From 2005-2009, he led the Emerging Affluent Client Segment within Citigroup Global Wealth Management. In 2009, after Merrill’s acquisition by Bank of America, Sieg returned to Merrill.
Earlier in his career, Sieg served in the White House as an aide to the assistant to the President for Economic and Domestic Policy. In 2015, he participated in the White House Conference on Aging.
Sieg earned a bachelor of science in economics from Penn State University, and serves on the External Advisory Board of its Schreyer Honors College. He also holds a master in public policy degree from the Harvard Kennedy School, where he serves on the Dean’s Council.
Sieg and his wife, Heliane, and their three children reside in Greenwich, CT.