The Bhatia Group

Private Wealth Advisors
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We provide highly customized services supported by the broad capabilities of a global institution. Working with a limited number of wealthy clients, we are able to offer you and your family personalized attention for all aspects of your financial life, now and for future family members.

Meet the Team

The private wealth advisors with Merrill Lynch’s Private Banking and Investment Group are rigorously trained to meet the specialized needs of individuals and families of wealth. We build relationships based on trust and personalized service.

Raj  Bhatia

Raj Bhatia,

Managing Director

Private Wealth Advisor

312.325.2676
Shen  Li

Shen Li,

Vice President

Private Wealth Relationship Manager

312.325.2763
Peter T Marchese

Peter T Marchese,

Vice President

Private Wealth Relationship Manager

312.325.2736
Marcia L Schmitt

Marcia L Schmitt

Senior Private Wealth Associate

312.325.2691
Peter T O'Malley

Peter T O'Malley

Registered Private Wealth Associate

312.325.2791
Matthew R Gebert

Matthew R Gebert,

Private Wealth Analyst Relationship Management

312.325.2657
TEJ  AHLUWALIA

TEJ AHLUWALIA

Analyst

312.325.2723

Strategies designed to help you achieve your goals

As a client of the Private Banking and Investment Group at Merrill Lynch, you have access to services and resources ordinarily reserved for the world’s largest institutions. We work with individuals, families spanning multiple generations, business owners and executives. Using a goals-based wealth management approach, we put our clients at the center of every personalized strategy.

Our Approach

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The Bhatia Group is a full-service wealth management team in the Private Banking and Investment Group, serving clients throughout the country.   We serve clients with investable assets greater than $ 5 million.

We combine the attentive, responsive, and professional service of a small group, with access to the intellectual capital, in-depth investment due diligence, top quality research and technology of one of the largest global financial services companies.   We draw on our years of experience serving our clients and our financial market acumen, together with the investment insights of Merrill Lynch and access to the banking convenience of Bank of America, to you grow and preserve your wealth during your lifetime and beyond.   

Raj Bhatia, the founding partner of The Bhatia Group, has received a number of national accolades as a financial advisor:
  • 2018 Forbes “Best-in-State Wealth Advisors” list
  • Forbes "America’s Top 250 Wealth Advisors" for 2018 and 2017
  • America's "Top 100 Financial Advisors" by Barron's magazine in 2009 and 2017
  • America’s "Top 1,200 Advisors" by Barron's magazine from 2009 to 2017
  • "Top 400 Financial Advisors" by Financial Times from 2014 to 2017


*Source: Barron's "America's Top 100 Advisors" list, April 17, 2017. Advisors considered for the "America's Top 100 Financial Advisors" list ranking have a minimum of seven years financial services experience and have been employed at their current firm for at least one year. Quantitative and qualitative measures used to determine the Advisor rankings include: client assets, return on assets, client satisfaction/retention, compliance records, and community involvement, among others. Barron's does not receive compensation from Advisors, participating firms and their affiliates, or the media in exchange for rankings. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved.

*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 http://details-he.re/JxcfBM. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved. Years prior to 2014, this Barron's list consisted of 1,000 advisors.

*Source: The Financial Times Top 400 Financial Advisors (FT 400) is an independent listing produced by the Financial Times (March, 2017). For more information about the selection criteria, go to http://details-he.re/fWZZLQ.

**Source: Forbes "America's Top 250 Wealth Advisors" list, developed by SHOOK Research, September 2018. For more information about the selection criteria, go to http://details-he.re/WHDBy4 . All rights reserved.

*Source: Forbes "Best-in-State Wealth Advisors" list, February 2018. For more information about the selection criteria, go to http://details-he.re/UbRCGT. Forbes is a trademark of Forbes Media LLC. All rights reserved.

*The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome. 

Our team focuses on providing private wealth services to entrepreneurs, business owners, corporate executives and their families. A particular strength is our experience in helping numerous families navigate a path from a concentrated stock or wealth position to a diversified and well managed portfolio that prioritizes financial security.

We have extensive experience in these key financial disciplines and practices:
  • Portfolio management
  • Third party investment management consulting
  • Concentrated stock risk management
  • Customized market linked investments
  • Lending services through Bank of America, N.A.
  • Philanthropic giving
  • Retirement planning
  • Alternative investment strategies
  • Wealth transfer and structuring strategies
  • Access to Merrill Lynch thought leadership and exclusive conferences







*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.

The Bhatia Group Difference

The Bhatia Group offers a broad spectrum of investment management services, and wealth management planning to a limited number of high-net-worth clients, including corporate executives, company founders, individuals and families, and family offices. We strive to provide our clientele with valuable insights by drawing on our collective experience and skills, as well as the deep intellectual property and global resources of the Private Banking and Investment Group of Merrill Lynch.  We also offer access to a wide range of banking services through Bank of America, N.A. 

For more than 30 years, Private Wealth Advisor and Managing Director Raj Bhatia has helped guide individuals and families through the process of acquiring, growing and preserving assets, and passing on wealth. He leads the team in offering clients customized, tax-efficient, managed investment strategies, and serves as a trusted advisor, offering advice and guidance to clients overseeing multi-generational family assets.

"We take care to listen intently to every individual, every family. We can then draw upon the deep resources and exceptionally talented people of Merrill Lynch to offer recommendations tailored to each client.

– Raj Bhatia, CIMA®
MANAGING DIRECTOR
PRIVATE WEALTH ADVISOR
SENIOR PORTFOLIO MANAGER


Merrill Lynch Wealth Management

Merrill Lynch offers a broad range of brokerage, investment advisory and other services, including insurance and investment analytics. Our advisors are available to work closely with the clients' other trusted advisors, including accountants and attorneys. We can provide access to trust and philanthropic planning services through Bank of America specialists.






*Global Institutional Consulting (“GIC”) is part of the Global Wealth and Retirement Solutions business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A., member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions, banking and fiduciary activities are performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients’ rights and MLPF&S’s obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S and may assist you with investment products and services.

What We Do

We begin our relationship with new clients by conducting a private briefing meeting, in which we listen to your financial needs and goals.     We then introduce you to our team, and to the appropriate banking, trust, and philanthropic specialists at Merrill Lynch to help you meet those objectives.

Your goals, your passions, and your vision are the building blocks of a customized wealth strategy that drives the construction of a globally diversified, tax-aware portfolio. We carefully analyze your risk tolerances, your cash flow needs, and the time horizon that could affect your finances.

Our services and experience extend beyond traditional investment management. Clients also rely on us for concentrated stock management, trust and philanthropic services, and lending solutions offered by Bank of America, N.A.

We will meet regularly with you and your family to discuss the financial markets and your portfolios. We will encourage you to share with us anything new in your life. Through these discussions, we continue to learn about your evolving priorities, concerns and desires, helping us to continually improve the services we provide.

 

Why Hire Us

  • We work for you. You can leverage our team's experience and our Firm's resources, so that you can focus on pursuing your objectives and fulfilling your mission.
  • We listen. Effective communication requires listening, and we find that being good listeners is repaid by the trust and confidence you place in us. We work hard to be your first call when you seek advice and guidance, or informed opinion.
  • We learn. Lifelong learning is a hallmark of our team. Several of our team members hold several advanced degrees and investment credentials. We constantly seek to improve our understanding of markets and the issues that our clients face. We read, attend conferences and seek the insights of leading professionals to better serve our clients.

For each client, we customize our services based upon their personal objectives, as well as their varying attitudes towards risk.

We help clients articulate and prioritize specific goals and then advise them on how best to achieve them. These goals may be to provide for a secure retirement, purchase a vacation property, finance the education of grandchildren, or establish a charitable foundation. Identifying and prioritizing these goals greatly increases the probability of success in achieving them.






About GIC

Global Institutional Consulting at Bank of America Merrill Lynch draws upon a powerhouse of sophisticated investment consulting capabilities, resident in a firm rich with global financial solutions and capabilities. Our rigorously trained Global Institutional Consultants subscribe to a philosophy that reaches beyond the investments and is designed to help organizations ultimately redefine success, manage risk and focus on the real goal—the ability to fulfill their mission.

Global Institutional Consulting provides a full suite of investment solutions including portfolio strategies, investment consulting services, retirement solutions and institutional philanthropic management to more than 2,000 clients, ranging from family offices to nonprofit organizations to retirement systems.

The Power of the Right Organization Drawing on the global expertise and singular focus, Global Institutional Consulting at the firm dates back 40 years which makes us one of the country's largest and oldest institutional consulting firms. You can count on thoughtful, independent and research-driven advice delivered with your interest at its core.

We draw upon the full resources of the Investment Management and Guidance (IMG) group, which includes professionals that drive investment consulting research. Our research efforts are also supported by BofA Merrill Lynch Global Research, which has been ranked as the # 1 Top Global Research Firm by Institutional Investor.*

We also leverage Merrill Lynch's Alternative Investments Group, which has one of the largest and longest standing alternative investment capabilities in the industry. With over 100 professionals in several offices around the globe, the group provides clients with sourcing, due diligence, selection, implementation and monitoring.

The Power of the Right Consultant Understanding the enduring value of a relationship based on trust, we are dedicated to ing the needs of institutional clients and providing them with guidance to help navigate the complex institutional market while addressing their financial objectives and goals. We bring a coordinated team of consulting professionals with deep backgrounds in finance and investments.

The Power of the Right Approach Mobilizing all that Bank of America Merrill Lynch can do for you, our institutional consultants offer an innovative, robust, and customized suite of investment solutions and strategies for institutional clients—capitalizing on our global scale to stay abreast of changing market conditions. The result is a dynamic investment portfolio that is timely and timeless—reflective of the daily conditions of the marketplace, yet grounded in sound market fundamentals. We have been leaders in advocating open architecture investment solutions for institutions, solutions that are rooted in deep analysis and the extensive resources of a global firm. We provide institutional investors with innovative strategies tailored to their distinct financial goals.

Capabilities Platform

1. Strategic planning and the development of effective investment governance structures
2. Spending policy analysis
3. Asset / liability modeling
4. Investment Policy Statement (IPS) development or refinement
5. Investment strategy implementation
  • Strategic asset allocation studies, including alternative asset classes
  • Portfolio construction
  • Investment manager search / selection
  • Due diligence, both quantitative and qualitative
  • Performance monitoring
  • Manager performance analysis, attribution analysis
  • Portfolio risk studies and market risk evaluations
  • Presentations and briefings to oversight committees
6. Board and committee education
  • Global investments and markets
  • Best practices
7. BofA Merrill Lynch Global Research, as well as third-party research
8. Donor development and fund-raising
9. Support requests from auditors and examiners
10. Trust and custody arrangements




*Global Institutional Consulting (“GIC”) is part of the Global Wealth and Retirement Solutions business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A., member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions, banking and fiduciary activities are performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients’ rights and MLPF&S’s obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S and may assist you with investment products and services.
*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized.  BofA Merrill Lynch Global Research is equity research produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or one or more of its non-U.S. affiliates. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.
*For the sixth year running and since the recognition's inception, Bank of America Merrill Lynch was named Institutional Investor magazine's "Top Global Research Firm of 2016." This was achieved by BofA Merrill Lynch Global Research winning 242 total team positions — more than any other firm — in the 12 Institutional Investor research team surveys published this year. Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2011, 2012, 2013, 2014, 2015, and 2016 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to http://www.iim.ag/topfirms.
*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.


Global Resources

Investing in an increasingly interconnected world requires deep global research capabilities. Clients require both macroeconomic perspectives, as well as robust investment manager research to implement both short- and long-term strategic goals and tactical portfolio adjustments.

The Bhatia Group draws upon the intellectual capital, robust due diligence and world-class research capabilities of BofA Merrill Lynch Global Research*.

Manager Selection and Due Diligence

Due diligence is rooted in the Merrill Lynch culture and history. Merrill Lynch's Investment Management and Guidance (IMG) team is chiefly responsible for due diligence reviews, portfolio construction strategies, ongoing performance measurement and diagnostic analysis. This team is designed to help institutional clients select the best possible asset managers and related portfolio services. The due diligence analysts work in teams defined by asset class and investment style and use an eight-factor quantitative and qualitative model to conduct rigorous reviews.

Investment Research

BofA Merrill Lynch Global Research is a renowned, highly respected organization focusing on three main disciplines:

  • Global Macro Research offers in-depth analysis of critical global issues and provides economic insights for more than 60 economies, addressing economics, currencies, commodities, interest rates, derivatives and equities.
  • Global Credit Research encompasses high-grade fixed income securities, high-yield debt, credit derivatives, mortgages and structured finance, convertible debt, municipal bonds and indexes.
  • Global Equity Research analysts conduct fundamental analysis on companies globally, providing institutional and retail clients with industry-specific and in-depth research and analysis.

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*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.
*Global Institutional Consulting (“GIC”) is part of the Global Wealth and Retirement Solutions business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A., member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions, banking and fiduciary activities are performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients’ rights and MLPF&S’s obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S and may assist you with investment products and services.
*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized. BofA Merrill Lynch Global Research is equity research produced by BofAML Securities, Inc. (“BofAMLS”) and/or one or more of its affiliates. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.

Global Institutional Consulting Investment Process

Global Institutional Consulting follows a robust and disciplined investment process, allowing Global Institutional Consultants to respond to the changing needs and objectives of institutional clients, providing a higher probability of achieving long-term investment goals.

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"We are interested, professionally and intellectually, in the theories of portfolio management. An Investment Policy Statement has to be crafted with great care and diligence and should clearly layout the investment guidelines for the institution."

– Raj Bhatia, CIMA®
MANAGING DIRECTOR
PRIVATE WEALTH ADVISOR
GLOBAL INSTITUTIONAL CONSULTANT
SENIOR PORTFOLIO MANAGER



*Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized.  BofA Merrill Lynch Global Research is equity research produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or one or more of its non-U.S. affiliates. BofA Merrill Lynch Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.
*Global Institutional Consulting (“GIC”) is part of the Global Wealth and Retirement Solutions business of BofA Corp. Institutional Investments & Philanthropic Solutions (Philanthropic Solutions) is part of U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A., member FDIC, and other subsidiaries of BofA Corp. For both GIC and Philanthropic Solutions, banking and fiduciary activities are performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A. Both brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC), and registered investment adviser; the nature and degree of advice and assistance provided, the fees charged, and clients’ rights and MLPF&S’s obligations will differ depending upon the products and services actually provided. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S and may assist you with investment products and services.

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.

Our Philosophy

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.

Let's have a conversation

Your dedicated Private Banking and Investment Group team is ready to help you pursue what's most important to you.

Our Vision

For clients of substantial wealth, Merrill Lynch’s Private Banking and Investment Group provides an experience that is both powerful and personal. We are dedicated to helping you pursue your goals for today while developing a wealth strategy designed to support your family members for the years to come.

A trusted one-on-one relationship
Your private wealth advisor and team of specialists work with a limited number of clients, enabling them to focus their time, training and passion on helping you simplify your personal and business finances and prepare your next generation as stewards of wealth.

Boutique-like service with the access to the investment resources of Merrill Lynch and banking convenience of Bank of America

We combine the personalized attention and feel of a smaller firm with the power and insights of a global financial institution, creating strategies tailored to your unique situation.

A relentless commitment to transparency and customized strategies

As our client, know that we are working in your best interests, providing sophisticated strategies designed to anticipate and meet your evolving financial needs.

The Bhatia Group

Private Wealth Advisors