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.
The Blanchfield Group
Located in Southern California the Blanchfield Group works with a select number of ultra affluent clients to devise and deploy wealth management strategies that enhance clients’ financial lives. As of January 1, 2018, clients have entrusted our team with approximately $1.9 billion in assets. We work exclusively with individuals and families infusing our approach with personal warmth and an emphasis on life’s most important priorities.
Our Distinctive Client Profile
We are privileged to serve an elite group of highly successful individuals; many are senior corporate executives, company founders or private entrepreneurs. Though varied in their individual paths to wealth these clients share several characteristics. They typically have experienced a singular event that has transformed their wealth outlook. They may have sold a business, received a large wealth transfer or amassed a concentrated stock position. They recognize that they are able to sustain their lifestyle through their financial assets, but want direction and tactics to pursue an informed strategy. These clients still have goals for their money. In the same way that they have opportunistically approached their businesses they also approach their wealth. We call this mindset “goals based wealth management” and it is a pillar of our service model.
Our team offers clients in depth experience combined with dedicated service. We are old enough to have amassed a storehouse of practical knowledge yet young enough to apply our considerable energy to propel client interests. We look to foster long term relationships not only serving our current generation of clients, but successive generations. We serve clients with a humility and care that testifies to our deep rooted interest in their lives. Clients engage us for our skill, but they stay with us because of our unwavering focus on their interests. We take the time to know clients well. We insist on customized strategies recognizing that affluent clients deserve and demand a nuanced approach that cannot be mass produced. Our team structure promotes depth of service and responsibility. We nurture a collegial environment that promotes a warm and personalized client experience.
Our Experience in Diversifying Concentrated Positions
Concentrated wealth poses significant challenges. Clients seek diversification and liquidity, but are often perplexed by regulatory requirements and timing constraints. Our team has significant experience in navigating the hurdles that concentrated positions can involve. We believe that there is no substitute for experience in this arena. We have helped a number of clients move from concentrated equity positions to diversified investment portfolios. We help clients anticipate and respond to single event risk identifying tactics and strategies to decrease exposure, enhance diversification and increase liquidity. Our team is well versed in Rule 144/145 Filings. We recognize that a workable diversification strategy is built on sound analytics and attentive implementation.
Our Range of Services
As members of the Private Banking & Investment Group we are a gateway to the services and strategies required by significant wealth:
- Tax efficient investment management
- Income oriented investment management
- Investment diversification through asset allocation
- Hedging and monetization of concentrated positions
- Integrated banking offerings with 24 hour personal customer service
- Trust and estate planning services
- Personal banking services through Bank of America, N.A.
- Residential and securities based lending through Bank of America, N.A.
- Private equity investments
- Family meetings
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.
Asset Allocation does not ensure a profit or protect against loss in declining markets.
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.