A Commitment to Service
Merrill Lynch’s Private Banking and Investment Group is committed to providing a select group of wealthy clients with highly personalized one-on-one service. When you work with us, our knowledgeable, rigorously trained Private Wealth Advisors will gain a deep understanding of your goals, help you develop a multigenerational wealth strategy, help you monitor its success and update your strategy as needed. We are committed to providing you access to the investment insights of Merrill Lynch and the banking convenience of Bank of America, and we will continue to invest in client tools and new technology to enhance your overall experience as you and your private wealth advisor pursue what’s most important to you.
We believe that your unique goals should be at the center of all of your financial decisions and form the foundation of your financial strategy. Because significant wealth requires sophisticated, highly customized strategies, we believe in building lasting relationships with a limited number of clients, taking the time to understand your most important priorities for today, tomorrow and your long-term future. Our philosophy celebrates collaboration. Working with a team of specialists, we draw on the resources and insights of a global financial institution to create strategies that reflect your aspirations for yourself and current and future generations of your family. Finally, we believe that while significant wealth brings complex challenges, our experience, passion and perspectives can help you simplify your life.
Defined by your specific needs, PES members help leverage the various opportunities and services your wealth requires. We provide each client with a customized, multidisciplinary team that includes the following members:
- A relationship manager – your day-to-day contact who fosters effective collaboration among the team members
- An investment strategist who makes focused investment recommendations that align with your needs and objectives
- A wealth planner who works with the relationship manager to analyze your financial information, build individualized strategies and leverage both team and Firm resources
- A client associate who provides fundamental support in all phases of client services, relationship building and account maintenance
- Trade execution administrators who provide leverage to the relationship manager on the execution of trades and for the handling of orders
PES offers insightful advice and thoughtful leadership. We create a highly personalized environment for our clients to foster relationships based on trust and proactive communication. We pride ourselves on the quality of client relationships and our commitment to help our clients attain their goals.
Our holistic approach utilizes a four-step progression designed to help you address your goals and manage the associated risk: Establish objectives. PES is dedicated to understanding your goals and their importance to you. Set strategies. We create a disciplined, strategic approach geared towards attaining your financial goals while maintaining cash flow and liquidity needs. PES team determines your asset allocation* according to your time horizon, expected investment returns, tax sensitivity**, and risk tolerance. Implement recommendations. Careful implementation and execution can add considerable value to the wealth management process. Review progress. At scheduled meetings, we review the portfolio’s results with you, reevaluate your needs and concerns, and make any necessary recommendations about rebalancing your portfolio.
*Asset Allocation does not ensure a profit or protect against loss in declining markets.
**Neither Merrill Lynch nor its Financial Advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.
PES's value to clients extends well beyond asset management. Our full platform of services includes the following: Portfolio Management Estate Planning Services, Trust Services, &Life Insurance Philanthropy Banking and Lending through Bank of America, N.A Executive Tax Services Additional services including quarterly meetings, reporting on all financial assets, and coordination with outside advisors
Team OverviewFounded in 1991, Private Executive Services is the largest and longest-tenured Private Banking and Investment Group team at Merrill Lynch. Headquartered in New York and with satellite locations in Boston, PES serves as the primary advisor to approximately 160 families and advises on $16 billion of assets as of Jan 2018. Our team focuses on developing wealth management strategies for corporate executives, business owners, entrepreneurs, privately held family business, and hedge fund principals. The senior members of the team have spent their entire professional careers at the Firm and utilize their experience to realize our clients’ financial objectives. As part of Merrill Lynch’s Private Banking and Investment Group, PES combines robust personal wealth management skill with the broad resources and intellectual capital of Bank of America.