Merrill Lynch Wealth Management Tops New Forbes/SHOOK List of Next-Generation Wealth Managers

September 7, 2017 at 10:30 AM Eastern

Merrill Lynch Wealth Management announced today that 119 of its financial advisors were named to a newly created list of 500 of the nation’s top young wealth advisors compiled by Forbes and SHOOK Research -- topping its nearest competitor by more than 30 advisors.

“As our client base continues to evolve, our ‘next-gen’ advisors are helping us build a firm that’s modern, connected, successful and appealing to millennials as one of the best places to work. We are extremely proud of this group of financial advisors and congratulate them on this well-earned recognition,” said Andy Sieg, head of Merrill Lynch Wealth Management. 

Advisors considered for Forbes/SHOOK’s "America’s Top Next-Generation Wealth Advisors" list were born in 1980 or later and have a minimum of four years’ relevant experience. They have built their own practices and lead their teams; joined teams and are viewed as future leaders; or a combination of both.

The ranking algorithm is based on qualitative measures (telephone and in-person interviews, client retention, industry experience, credentials, review of compliance records, and firm nominations) and quantitative criteria, such as assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking.


Merrill Lynch Global Wealth Management

Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,811 financial advisors and $2.2 trillion in client balances as of June 30, 2017, it is among the largest businesses of its kind in the world. Merrill Lynch Global Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment, cash and credit management. Within Merrill Lynch Global Wealth Management, the Private Banking and Investment Group focuses on the unique and personalized needs of wealthy individuals, families and their businesses. These clients are served by nearly 200 highly specialized private wealth advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Global Wealth Management is part of Bank of America Corporation. 


Source: Bank of America. Merrill Lynch represents multiple business areas within Bank of America’s wealth and investment management division including Merrill Lynch (North America and International) and Private Banking and Investments Group. As of June 30, 2017, ML entities had $2.2 trillion in client balances. Client Balances consists of the following assets of clients held in their ML accounts: assets under management (AUM) of ML entities, client brokerage assets, assets in custody of ML entities, loan balances and deposits of ML clients held at Bank of America, N.A. and affiliated banks.

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