A Commitment to Service
Merrill Private Wealth Management 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 it and update your strategy as needed. We are committed to providing you access to the investment insights of Merrill 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 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 customized goals-based financial 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.
Foundations and Endowments
An investment portfolio tailored to your needs is crucial to advancing your organization’s mission and carrying on its important work. We have extensive experience working with endowments and foundations and have a keen understanding of the requirements and responsibilities of board and committee members for investment management and financial oversight. The portfolios we construct are carefully designed to promote stability, efficiency and growth, and to perform effectively under a variety of market conditions. We also offer advice on board governance and reporting, and help in meeting regulatory and operating challenges. We provide access to the customized services your organization needs with discretion and skill.
Global Institutional Consultant
Through Bank of America Global Institutional Consulting, we offer a range of investment strategies to help manage the assets for nonprofit organizations, foundations, endowments, and corporate retirement and pension plans. The strategies and level of involvement depend on your needs and preferences, including traditional consulting, client-directed implementation or full, discretionary, Outsourced CIO services. Global Institutional Consultants work 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.
Bank of America Global Institutional Consulting (“GIC”) offers products and services for the benefit of institutional and ultra high net worth clients. GIC is part of the Global Wealth and Retirement Services business of BofA Corp. Institutional Investments & Philanthropic Solutions (“II&PS”) is part of Bank of America Private Bank. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). For both GIC and II&PS, trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. Both brokerage and investment advisory services are provided by wholly owned brokerage affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith, Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, Member 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 are registered representatives with MLPF&S.
Your passion drives your organization’s mission, and you depend on an investment portfolio and an effective staff to carry on its important work. As private wealth advisors with Merrill Private Wealth Management, we have experience working with nonprofit organizations. We possess a keen understanding of the challenges you face, including maintaining operational efficiency and productivity through uneven market circumstances, growing competition for donations, and increased fiduciary requirements. Drawing on our extensive capabilities to help you fulfill your organization’s mission, we can provide access to the customized services your organization needs with discretion and skill, such as strategic planning, portfolio management, administrative and board support, and advisory solutions.
We seek to help nonprofit organizations and their related entities meet the challenges of financial stewardship by harnessing the power of coordinated effort, indepth knowledge and practical strategies. We are committed to developing an independent and objective understanding of clients’ financial resources and requirements. Drawing on the global abilities and worldwide resources of Bank of America Merrill Lynch we actively engage sound solutions wherever they are housed to meet client goals taking into account their risk tolerance, time horizon and liquidity needs. We place particular importance on the quality and integrity of our work. As a team that values client collaboration we foster the active exchange of information and ideas in order to promote informed reasoning, deliberate teamwork and impassioned effort. Our goal is to be your most trusted advisor.
Our Ethic of Service
Like many of the organizations with whom we work we have a deeply ingrained service ethic. Our service model is client centered; we are committed to developing a nuanced understanding of client needs and engendering robust client satisfaction through detailed timely interaction. We continue to develop enhancements to our offerings to keep pace with the changing needs of clients and the requirements of an evolving marketplace. We measure our success not only through client retention, but also through the enhanced accomplishments and actualized missions of the clients whom we advise.
Our Strength in Institutional Consulting
With over 25 years of experience working with nonprofit organizations we can help address the challenges and opportunities inherent in the nonprofit sector. Specifically we offer the following services:
- Provide strategies that are tailored to an organization’s requirements.
- Meet with clients as frequently as requested in order to gain confidence and support the clients’ mission.
- Provide ongoing education to board, committee and staff members regarding the portfolio management process for endowments and foundations.
- Help fulfill fiduciary obligations.
- Leverage Bank of America Merrill Lynch’s vast resources through collaboration with specialists.
- Develop and maintain long-term relationships by actively listening to client feedback in order to build trust and loyalty.
The Hegenbart GroupThe Hegenbart Group practice was formed in 1991 for the purpose of providing institutional quality investment strategies tailored to the specific social, religious and/or environmental views of each client by leveraging the global resources of the Bank of America Merrill Lynch enterprise. Located in Boston and one of only 83 global institutional consulting teams in the firm we work with clients throughout the United States who value the knowledge, strategies and understanding we have developed through many years of detailed interaction with our distinctive client base. We have a deep seated belief that the power of goodwill can be amplified through sound planning and solid financing.
*Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.
*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.