"Every member of our team is passionate about the work we do. Our personal service on the boards and committees of organizations has given us first-hand experience in understanding and addressing the challenges institutions face as they pursue their financial objectives."

Scott Kelly, CIMA®
Senior Vice President
Private Wealth Manager
Global Institutional Consultant

We start with what’s important to you

At Bank of America Merrill Lynch, we take the time to listen and learn about the needs and goals of your institution and its employees – it’s these real-world insights that guide our strategies and personalized service.

About Us

A Focus on Organizations with Institutional Consulting Investment Needs

Our Louisville-based Global Institutional Consulting team is dedicated to providing institutional clients with the support they need as they pursue their financial goals and objectives. Our team offers an extensive suite of wealth management strategies for a broad range of institutions, including endowments and foundations, pension and profit sharing plans, hospitals and health care systems. With our location, we believe our team members are well positioned to work with organizations across the state of Kentucky and across the country.

Together, Global Institutional Consultant Scott Kelly and Private Wealth Manager Josh Nagel lead a Global Institutional Consulting team of seasoned professionals who have more than 100 years of combined experience serving the institutional market. The select group of Merrill Lynch financial advisors designated as Global Institutional Consultants by Bank of America Merrill Lynch work with our firm's largest institutional clients earn this designation by undergoing a rigorous review process that includes a review of institutional client experience, a comprehensive professional assessment and advanced professional credentials. In addition, Barron's named Scott to its list of the Top 1,200 Financial Advisors in 2014-2017.

Through their work with clients, as well as their personal involvement in leadership positions on boards and committees, team members can draw on their experience, as well as the global reach and resources of Bank of America Merrill Lynch, to provide services as institutions carry out their fiduciary responsibilities.

"We offer institutional clients the wisdom we have gained through our experience with other institutions, combined with access to the global resources and specialized capabilities of Bank of America Merrill Lynch."

Scott Kelly, CIMA®
Senior Vice President
Private Wealth Manager
Global Institutional Consultant



*Source: Barron's "America's Top 1,200 Financial Advisors: State-by-State" list, March 7, 2016. For more information about the selection criteria, go to Barron's Top Financial Advisors page. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved.



A Disciplined Approach to Investing

Foundations, endowments and other nonprofit (including faith-based) organizations. We can provide guidance to help these clients address key institutional issues and integrate their investment process with their strategic goals and objectives. The services we offer include strategic outlook on governance issues, donor development strategies, board and trustee education, values-based investment strategies, corporate and trustee custody services, and investment policy and spending policy analysis.

Defined benefit plans. Our team offers strategies to help plan sponsors mitigate risk or improve the funding status of defined benefit plans. In addition, we offer access to a wide range of consulting services such as investment policy review/development, asset allocation study, manager search/selection, asset liability management study and performance reporting, as well as reviews of the current search for opportunities to reduce costs and improve performance.

Hospitals and health care systems. In addition to advising clients on customized investment strategies, our team provides access to Merrill Lynch resources to help hospitals and health care systems pursue institutional goals in a challenging financial environment. These may include strategies for managing revenue cycles and merger and acquisition advisory services. Through Bank of America we can access on your behalf treasury and cash management services, and services for raising capital or financing equipment.

Defined contribution plan/401(k) plan consulting services. Bank of America Merrill Lynch has designated the KN Group as one of 30 Merrill Lynch financial advisory teams that can deliver defined contribution investment consulting services to the firm’s defined contribution and 401(k) plan clients. These capabilities can include guidance for plan menu design, investment performance review and group education for employees.

"Teamwork is integral to our practice. Our team is committed to providing you with access to Bank of America Merrill Lynch's specialists to assist you in addressing your organization’s financial challenges."

L. Joshua Nagel, CIMA®
Senior Vice President; Private Wealth Manager

Services For a Wide Range of Institutional Clients

At the core of our capabilities, our team is guided by an investment process that seeks to manage for risk while considering return objectives and spending needs. The services we offer include:

Setting investment strategy. We offer access to thoughtful guidance to help clients create an investment policy statement, or review and update an existing one. Once the policy is in place, we work with clients to design and implement customized investment strategies that align with the organization’s mission, values and objectives.

Designing an investment portfolio. Our customized investment approach takes into account each institution’s goals and objectives, liquidity needs, tolerance for risk, time horizon and investment policy guidelines. We typically recommend a broad range of asset classes that may include hedge funds, private equity and managed futures.

Evaluating investment selection. Our team has developed a process that helps us screen out any investments that would not align with your institution’s socially responsible investment policy. We are thoughtful in building an investment menu, taking into account your institutional values.

Selecting portfolio managers. Investment portfolio strategies are designed for implementation through nonproprietary, third-party managers who have been carefully evaluated and selected using BofA Merrill Lynch Global Research resources. We recommend individual managers based on client-driven investment criteria, and our team continues to monitor their performance against relevant benchmarks.

Why Work with Us?

Our guidance goes beyond the portfolio. We understand the key issues facing your organization, and we approach these issues from an investment, governance and balance sheet perspective. We draw on the experience and wisdom gained in our personal and professional lives to provide support and help guide your decision making.

We are a bridge to Bank of America Merrill Lynch Global Institutional Consulting resources. These broad and deep resources include Institutional Investments & Philanthropic Solutions, and the Specialty Asset Management Group for managing unique, illiquid gifts such as timber, farmland and oil and gas leases, as well as Bank of America banking specialists for services such as cash flow management, investment banking and corporate and commercial banking.

We are committed to transparency and visibility. We adhere to full disclosure when quantifying fees. The size and scope of Bank of America and Merrill Lynch often allow us to negotiate competitive fees with third-party, nonproprietary portfolio managers, in turn potentially reducing costs for the client.

"Reaching well beyond the traditional role of an investment consultant, we offer strategic guidance, as well as access to the resources of Bank of America Merrill Lynch to help organizations actively pursue their broader goals and mission"

Scott Kelly, CIMA®
Senior Vice President
Private Wealth Manager
Global Institutional Consultant

Scott Kelly Award.jpg


*Source: Barron's "America's Top 1,200 Financial Advisors: State-by-State" list, March 6, 2017. For more information about the selection criteria, go to Barron's Top Financial Advisors page. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved.

*Some or all alternative investments may not be suitable for certain investors. Certain alternative investments carry significant risk and are not subject to the same regulatory oversight as mutual funds and other traditional investments.  For these reasons, access to alternative investments may be limited to investors who are designated as sophisticated, high-net-worth investors.



Meet the team

Kelly | Nagel | Group among a select group of Merrill Lynch advisors who have met the rigorous requirements to be a designated Bank of America Merrill Lynch .

Scott A Kelly

Scott A Kelly

CIMA

Private Wealth Manager

502.329.5003
Lawrence Joshua  Nagel

Lawrence Joshua Nagel

CIMA

Private Wealth Manager

502.329.5110
London F Smith

London F Smith

CRPC

Investment Associate

502.329.5035
Lisa M Clark

Lisa M Clark

ADPA

Investment Associate

502.329.5023
Burdette  Park

Burdette Park

Senior Financial Advisor

502.329.5105
Andrea P Kinser

Andrea P Kinser

Private Wealth Manager

502.329.5024
Austin  Bailey

Austin Bailey

Financial Advisor

502.329.5081
Sarah  Martineau

Sarah Martineau

Private Wealth Associate

502.329.5002

Additional Resources

Kelly | Nagel | Group is supported by talented specialists who have experience working with institutions and share a strong commitment to guiding investment programs and strategic decision making.

Solutions for Institutions

BOA logo

Helping institutions meet their investment needs

Global Institutional Consulting is one of the top investment consulting providers in the United States. It puts the resources and intellectual capital of Bank of America Merrill Lynch to work for its institutional clients by delivering objective advice and sophisticated investment solutions through focused, client-centric consulting teams. Global Institutional Consultants are experienced in helping organizations address today's complex investment challenges through an integrated, goals-based investment process that enables them to redefine success, manage risk and fulfill their missions.

And More

Beyond our experience, we offer access to the deep intellectual capital and broad capabilities of Bank of America Corporation and its affiliates. If we identify a need we can’t service myself, we can connect you with the people and resources to help you. Through our network of advisors, we strive to deliver strategies to help you manage the day-to-day and long-term responsibilities required in pursuing your institution’s goals. As we work together to address your evolving needs, we can make the broad capabilities of Bank of America Corporation feel much more accessible.

Investment Solutions

Bank of America Merrill Lynch Global Institutional Consulting provides access to a full suite of investment solutions to help you manage assets for non-profit organizations, foundations, endowments and corporate retirement and pension plans. The solution we recommend is based on the level of involvement you prefer -- from traditional consulting, to client-directed implementation, to full discretionary outsourced CIO services. Our consultants work together with your CFO, board of directors and investment committee to develop a tailored investment strategy that is consistent with your culture, goals, preferences and risk profile.

Disciplined Investment Process

Global Institutional Consultants follow a disciplined process that helps to address your organization’s changing needs and provides you with a potentially higher probability of achieving your long-term investment goals.

1

Investment Policy Statement Development and Review

Act as liaison between institutional clients and Merrill Lynch’s Investment Policy Statement (IPS) service, which creates and modifies an IPS, based on the client’s investment goals and objectives.

2

Strategic Allocation Modeling

Customizable asset allocation based on the Merrill Lynch insightful capital market assumptions.

3

Investment Manager Due Diligence

Recommend investment solutions leveraging Merrill Lynch’s thorough and rigorous due diligence process.

4

Investment Manager Search and Selection

Advanced portfolio construction techniques combined with client specific objectives and Merrill Lynch’s capital market guidance.

5

Portfolio Strategy

Leverage Merrill Lynch’s global intellectual capital including tactical tilts to help increase returns.

6

Performance Measurement

Monitor, quantify and evaluate performance to identify opportunities to refine the portfolio’s overall strategy, based on the Investment Policy Statement.

Endowments, Foundations and Nonprofits

Your Bank of America Merrill Lynch Global Institutional Consultant is knowledgeable in the issues nonprofits, endowments and foundations face in funding their missions in an ever-changing financial climate. Drawing on their deep experience, and the global resources of Bank of America Merrill Lynch, they offer insight, guidance and personalized service to help institutions develop and execute investment strategies focused on what matters most to them and the people they serve.

Consider the broad spectrum of our investment management and advisory solutions, including:

  • Investment consulting services
  • Access to fiduciary asset management
  • Impact investing
  • Board governance and education
  • Fundraising & planned giving strategies
  • Cash and liquidity management
  • Nonprofit industry insights

Defined benefit plans

Whether your defined benefit plan is an active part of your overall benefit offering, is closed to new participants, or fully frozen, Bank of America Merrill Lynch’s service model allows you to outsource the many administrative tasks associated with the maintenance of a pension plan to fulfill plan obligations and manage risk.

Key services include:

  • Investment consulting service
  • Open architecture investment management platform
  • Liability driven investment implementation
  • Actuarial services and discretionary investment management

DCIC

To help you meet your fiduciary responsibilities, we can offer investment solutions which are vetted by the investment due diligence process of the Chief Investment Office (CIO). Merrill Lynch will accept ERISA 3(21) fiduciary responsibility for the investment advice provided through DCIC. We believe that putting the expertise of a specialized Merrill Lynch financial advisor to work for your plan is a smart solution to help you meet your fiduciary responsibilities. We can offer thoughtful advice on how to create an investment lineup that fits your organization’s needs, as well as provide support to help manage investments over time.

Workplace Insights™ | Public Policy & Trends

Access information about the issues, laws and industry changes that are being considered and what these changes can mean to you and your employees.

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Let’s Have a Conversation

There is no substitute for a one-on-one relationship with a Merrill Lynch financial advisor committed to your needs... Request an Appointment

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