The most publicly documented Eric Schimpf is Eric A. Schimpf, President and co-head of Merrill Wealth Management at Bank of America. His SEC Form 4 filings confirm he holds beneficial ownership of Bank of America shares and RSUs. The only third-party net worth estimate tied to those verified holdings puts his figure at approximately $1.76 million, based on reported share positions as of a February 2025 recalculation. That number reflects disclosed stock holdings only and almost certainly understates his total compensation picture, so treat it as a floor rather than a complete figure.
Eric Schimpf Net Worth: Verified Details and Sources
Marcus Rothstein
25 Apr 2026
Who Eric Schimpf is (and why people search his net worth)
Eric A. Schimpf is a senior executive at Bank of America, officially listed in the company's newsroom as President and co-head of Merrill Wealth Management and a member of the executive management team. That role puts him at the top of one of the largest wealth management businesses in the United States. When someone searches "Eric Schimpf net worth," they are almost always looking for this person, partly because Merrill manages over $3 trillion in client assets, which makes Schimpf's own wealth an obvious point of curiosity.
It is worth flagging upfront that at least two other people share the name. A LinkedIn profile for an Eric Schimpf in Fort Pierce, Florida is associated with Bowman Consulting Group, a civil engineering and infrastructure firm, and has no obvious connection to the Bank of America executive. A similarly spelled name ("Eric Schimp" rather than Schimpf) appears in the Des Moines area. If you are researching someone other than the Merrill executive, the SEC filings, FINRA records, and compensation estimates in this article will not apply to them.
What "net worth" actually means before we get into numbers
Net worth is total assets minus total liabilities. The IRS defines it exactly this way in its examination manuals, where the "Net Worth Method" is used to corroborate income by comparing a person's financial position at two points in time. For someone like Eric A. Schimpf, assets would include bank accounts, investment accounts, real estate, and vested company stock. Liabilities would include mortgages, loans, and any other debts. The gap between those two totals is net worth.
The problem with applying this to a private individual who is not required to disclose personal finances is that you can only see part of the picture. SEC filings reveal stock holdings tied to his corporate role. Property records might show real estate. But bank accounts, private investments, and personal liabilities are invisible unless voluntarily disclosed. Any number you find online for Eric Schimpf's net worth is an estimate built on partial data, not a confirmed valuation. If you are specifically looking for the estimated Eric Schiele net worth, use the same approach: verify holdings from SEC filings and treat third-party totals as approximations. This site labels estimates clearly and distinguishes them from verified figures.
The public data sources worth checking first
There are several places to look for credible, primary-source information about Eric A. Schimpf's financial footprint. Start here before relying on any third-party estimate site.
- SEC EDGAR Form 4 filings: Search EDGAR for "Schimpf Eric A." to find insider transaction filings tied to his role as President of Merrill Wealth Management. These are timestamped, legally required disclosures of stock transactions and beneficial ownership quantities. The filing index number 0001127602-25-020729 is one verified example on record.
- Bank of America investor relations: BofA hosts its own Form 4 landing pages that include filing dates and links to SEC documents. These are easier to navigate than raw EDGAR and cover RSU vesting events, tax-withholding share dispositions, and indirect beneficial ownership details such as UTMA accounts.
- FINRA BrokerCheck: An individual report for "ERIC A. SCHIMPF" exists on BrokerCheck, confirming industry affiliation and employment history in the financial advisory space. This is the right tool to verify professional identity and rule out name confusion.
- SEC AdviserInfo Form ADV: A Form ADV PDF for adviser firm 7691 lists "SCHIMPF, ERIC A" in a control-person or ownership/role context, providing an additional cross-reference for his regulatory standing.
- Bank of America official newsroom: The executive bio confirms his title, scope of responsibility, and organizational placement. This is the baseline identity document to anchor everything else.
Business interests, employers, and ownership stakes
Eric A. Schimpf's wealth drivers are straightforwardly tied to his career at Bank of America and Merrill. As President and co-head of Merrill Wealth Management, his compensation package almost certainly includes a base salary, annual bonus tied to business performance, and equity grants in the form of restricted stock units (RSUs). The RSU vesting events are the most visible piece of this, because each vesting transaction triggers a Form 4 filing that records both the shares received and the shares withheld for tax purposes.
His Form 4 filings show beneficial ownership of Bank of America common shares, including shares held indirectly through what appears to be a UTMA account structure. This suggests he uses standard estate and tax planning tools common among senior executives. There is no public evidence of major outside business ownership, board seats at separate public companies, or documented entrepreneurial ventures that would represent a separate wealth stream beyond his Bank of America compensation and equity holdings.
His LinkedIn activity as of March 20, 2026 references Barron's advisor rankings, which is consistent with his role overseeing Merrill's advisor network rather than indicating personal advisory practice revenue. The distinction matters: he is a corporate executive, not a fee-generating financial advisor building a book of business. His income flows from corporate compensation, not client fees.
How net worth estimates are built and why the credibility varies so much
Third-party wealth estimate sites generally build their numbers from one of three inputs: publicly disclosed stock holdings (from Form 4 filings), salary benchmarks for comparable executive roles, or simple pattern-matching against industry averages. The quality of the estimate depends entirely on which inputs are used, whether those inputs are current, and whether the methodology is disclosed at all.
The most credible estimates start with verified SEC filings and then apply a share price at a specific date to calculate the value of disclosed holdings. These are still partial pictures because they exclude non-disclosed assets. The least credible estimates use narrative framing and round numbers that are not traceable to any filing or salary source. When you see language like "$414 billion empire" attached to Eric Schimpf's name (a phrase appearing on a low-credibility pages.dev blog post dated December 2024), that figure almost certainly refers to assets under management at Merrill Wealth Management, not Schimpf's personal net worth. Conflating AUM with personal wealth is a common and misleading pattern on net worth content farms.
The most credible Eric Schimpf net worth findings as of April 2026
The only third-party net worth estimate anchored to verifiable SEC filings comes from Benzinga's insider trading tracker, which lists Eric A. Schimpf's estimated net worth at approximately $1.76 million based on reported Bank of America share holdings. That estimate was recalculated as of February 15, 2025. It is now more than 14 months old relative to April 2026 and does not account for any subsequent RSU vestings, share price changes, or additional compensation since that date.
| Source | Estimate / Data Point | Basis | Credibility |
|---|---|---|---|
| Benzinga insider tracker | ~$1.76 million | Reported BofA share holdings (Feb 2025 recalculation) | Moderate — tied to SEC filings but covers disclosed stock only; now 14+ months old |
| SEC Form 4 filings (EDGAR) | Beneficial ownership quantities (shares/RSUs) | Direct legal disclosure by the reporting person | High — primary source, but reflects stock only, not total net worth |
| pages.dev blog post (Dec 2024) | "$414 billion empire" framing | Unclear — likely conflates Merrill AUM with personal wealth | Very low — no traceable filing or salary data; likely AUM confusion |
| FINRA BrokerCheck / Form ADV | Role and firm affiliation confirmed | Regulatory filing cross-reference | High for identity confirmation; not a wealth figure |
A realistic total net worth range for a Bank of America executive at Eric Schimpf's level, accounting for multi-year equity accumulation, senior executive base salary and bonus, and reasonable real estate and investment holdings, would likely sit somewhere between $5 million and $20 million based on compensation benchmarks for comparable roles at large financial institutions. That range is an informed estimate, not a confirmed figure, and should be treated as such. There is no publicly confirmed total net worth figure available as of April 2026. For an adjacent example of how these estimates differ by individual, see the related topic eric schiermeyer net worth.
For context, this same challenge applies to other wealth profiles in the Schimpf name space. If you were also wondering about Brian Schimpf net worth, note that his situation is tied to different private business and investment factors than Eric's Bank of America equity record Eric Schimp's net worth. Brian Schimpf, for example, as co-founder and CEO of Anduril Industries, has a more complex private equity and startup valuation picture that requires entirely different tracking methodology. The Eric Schimpf profile here is more straightforward in that his wealth is primarily tied to a public company, but the disclosed slice remains small relative to likely total compensation.
How to verify updates and track changes over time
The most reliable way to stay current on Eric A. Schimpf's disclosed financial position is to monitor his SEC Form 4 filings directly. Here is a practical workflow for doing that.
- Go to SEC EDGAR full-text search (efts.sec.gov) and search for "Schimpf Eric A" filtered to Form 4 filings. Set up an email alert through EDGAR's notification system to receive updates when new filings are made.
- Cross-reference each new Form 4 against the Bank of America investor relations page, which hosts its own formatted versions of the same filings and is often easier to read than raw EDGAR XML.
- Note the post-transaction beneficial ownership quantity in each filing. Compare it to the prior filing to track net share accumulation or reduction over time.
- Check Benzinga's insider tracker page for Eric A. Schimpf periodically to see if their estimate has been recalculated since February 2025. Note the recalculation timestamp before accepting any figure.
- Run a FINRA BrokerCheck search annually to confirm no changes in firm affiliation or registration status, which could signal a role change worth investigating.
- Search SEC AdviserInfo for Form ADV updates related to adviser firm 7691 to catch any changes in Schimpf's control-person designation or ownership status at registered entities.
One thing to watch for specifically: when RSU vesting events cluster (often in Q1 as part of annual compensation cycles), Form 4 filings will appear in rapid succession. Each one will show shares acquired via vesting and shares withheld for taxes. The net shares retained after each event are the ones that actually build the disclosed holding balance. Tracking the cumulative retained shares across multiple vesting events gives a better picture of how his equity stake grows over time than looking at any single filing in isolation.
If you are researching a different Eric Schimpf entirely, the starting point is disambiguation rather than financial data. The Fort Pierce, Florida individual associated with Bowman Consulting Group has no SEC filings or FINRA records that would appear in the searches above. For private individuals with no public company affiliation, net worth data is simply not available through public records in any meaningful way, and any figure you encounter online for such a person would be speculative.
FAQ
Why do different websites give wildly different numbers for Eric Schimpf net worth?
Most sites mix inputs, for example SEC stock holdings plus a generic salary multiple, or they use narrative claims and round numbers. If the site does not state the exact filings or valuation date used, treat the result as a rough guess, not a confirmed valuation.
Is the $1.76 million figure a reliable “net worth” number for Eric A. Schimpf?
It is best treated as a floor based on disclosed Bank of America holdings from specific Form 4 dates. It likely excludes non-disclosed assets like cash, retirement accounts, other investments, and it also may exclude liabilities, so it should not be read as a complete net worth calculation.
How can I tell whether an “Eric Schimpf” result is the Bank of America executive or a different person?
Use disambiguation before looking at wealth numbers. Confirm identity through the SEC Form 4 filings tied to Bank of America and the executive role listed in company materials. A similarly named individual with no SEC or FINRA footprint should be assumed unrelated.
What do I do if a site claims Eric Schimpf net worth equals Merrill assets under management?
Do not accept that conflation. Assets under management is client assets managed by the firm, not the executive’s personal assets. Personal net worth should be computed from the person’s own assets and liabilities, and AUM-based claims are a common misinformation pattern.
How should I update the holdings-based estimate year to year?
Recalculate using the most recent Form 4 filings and a consistent pricing date. When RSUs vest, the retained shares after taxes are what build the disclosed balance. Comparing cumulative retained shares across multiple events gives a more stable trend than using only one filing.
Do RSU “shares withheld for taxes” affect the net worth estimate?
Yes indirectly. The shares withheld reduce the retained shares that actually increase disclosed beneficial ownership. If you are building your own estimate from Form 4, use the net shares kept after withholding, not the gross number.
If SEC filings are updated, why do some estimates still look outdated?
Because many sites publish a one-time snapshot and do not refresh valuations after later vestings or share price changes. Check whether the estimate has a recalculation date and whether it is updated after subsequent Form 4 events.
Can I estimate Eric Schimpf’s net worth more accurately without bank account records?
Only to a limited extent. You can model likely ranges by adding reasonable assumptions for other assets and subtracting assumed liabilities, but the result will remain an estimate. The most defensible component is still the publicly disclosed equity value tied to Form 4.
Why does the IRS net worth method not work well for public figures online?
The IRS method relies on verified totals at two points in time, including liabilities and all asset categories. For Eric Schimpf, the public record typically exposes only a slice of assets, so any internet “net worth method” is incomplete and cannot be corroborated as a full calculation.
What should I assume if there is no public evidence of major outside business ownership?
It suggests his wealth is concentrated in corporate compensation and equity rather than separate public-company stakes. However, absence of evidence is not proof of absence, private investments and board roles may not be easily observable in public sources.
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