Merrill Launches Ultra-High-Net-Worth Advisory Group
January 8, 2025 at 9:00 AM Eastern
The Team Will Serve the Unique Needs of UHNW Clients
NEW YORK, NY – Today, Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities.
This Group will help advisors deliver personalized portfolios through custom asset allocation, multi-asset portfolio construction, traditional and alternative investment manager selection, and other bespoke investment solutions to address clients’ unique financial circumstances. The specialists will also serve as a single point of contact for advisors to identify opportunities to offer the full breadth of the firm’s capabilities to address UHNW clients’ complex needs, including: Bank of America’s custom lending, Bank of America Private Bank’s trust & estate services, philanthropy, art services, family office solutions and more.
In addition to his role as Head of Capital Markets Investor Solutions for Merrill, Rob Romano, has been appointed to lead the new group. He will report to Brian Partridge, Head of Investment Solutions Group Specialists, who oversees a multi-discipline team providing investment education and implementation ideas to Merrill and Bank of America Private Bank advisors and clients.
“Rapid wealth creation, more intricate financial situations and the importance of generational wealth transfer is creating a need for more advanced guidance for our UHNW clients’ wealth management needs,” said Romano. “Comprised of investment experts and partnering across the firm to deliver holistic guidance on the issues that matter for UHNW families, this team will be an added resource and tailored support to advisors’ and their client relationships.”
“UHNW clients are an evolving and growing client base for Merrill,” said Partridge. “The establishment of a dedicated group to better support ultra-high-net-worth client engagement is the latest example of how we are supporting our advisors as they serve clients and grow their businesses.”
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 approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 is listed on the New York Stock Exchange (NYSE: BAC).
Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
The Investment Solutions Group (ISG) connects Merrill and Bank of America Private Bank advisors and clients to a broad range of investment solution, capabilities and specialized support. This Group’s core offering includes: Merrill Lynch Investment Advisor Program (IAP), Alternative Investments, Capital Markets, Personal Retirement and Traditional Investments.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Are Not FDIC Insured |
Are Not Bank Guaranteed |
May Lose Value |
Julia Ehrenfeld, Bank of America
Phone: 1.646.855.3267
julia.ehrenfeld@bofa.com
January 8, 2025 at 9:00 AM Eastern
Merrill Launches Ultra-High-Net-Worth Advisory Group
The Team Will Serve the Unique Needs of UHNW Clients
NEW YORK, NY – Today, Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities.
This Group will help advisors deliver personalized portfolios through custom asset allocation, multi-asset portfolio construction, traditional and alternative investment manager selection, and other bespoke investment solutions to address clients’ unique financial circumstances. The specialists will also serve as a single point of contact for advisors to identify opportunities to offer the full breadth of the firm’s capabilities to address UHNW clients’ complex needs, including: Bank of America’s custom lending, Bank of America Private Bank’s trust & estate services, philanthropy, art services, family office solutions and more.
In addition to his role as Head of Capital Markets Investor Solutions for Merrill, Rob Romano, has been appointed to lead the new group. He will report to Brian Partridge, Head of Investment Solutions Group Specialists, who oversees a multi-discipline team providing investment education and implementation ideas to Merrill and Bank of America Private Bank advisors and clients.
“Rapid wealth creation, more intricate financial situations and the importance of generational wealth transfer is creating a need for more advanced guidance for our UHNW clients’ wealth management needs,” said Romano. “Comprised of investment experts and partnering across the firm to deliver holistic guidance on the issues that matter for UHNW families, this team will be an added resource and tailored support to advisors’ and their client relationships.”
“UHNW clients are an evolving and growing client base for Merrill,” said Partridge. “The establishment of a dedicated group to better support ultra-high-net-worth client engagement is the latest example of how we are supporting our advisors as they serve clients and grow their businesses.”
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 approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 is listed on the New York Stock Exchange (NYSE: BAC).
Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
The Investment Solutions Group (ISG) connects Merrill and Bank of America Private Bank advisors and clients to a broad range of investment solution, capabilities and specialized support. This Group’s core offering includes: Merrill Lynch Investment Advisor Program (IAP), Alternative Investments, Capital Markets, Personal Retirement and Traditional Investments.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Are Not FDIC Insured |
Are Not Bank Guaranteed |
May Lose Value |
Julia Ehrenfeld, Bank of America
Phone: 1.646.855.3267
julia.ehrenfeld@bofa.com
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