Global Institutional Consulting
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.
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 2014-2018.
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
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®
Managing Director; Private Wealth Manager
Kelly | Nagel | Group is among a select group of Merrill Lynch advisors who have met the rigorous requirements to be a designated Bank of America Merrill Lynch Global Institutional Consultant .
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.
Merrill is proud of our advisors who’ve received recognition from industry publications. We believe they are setting the standard for exemplary client service.
Barron’s “America’s Top 1,200 Financial Advisors: State-by-State” 2014-2018
We put the resources and intellectual capital of Bank of America and Merrill Lynch to work for institutional clients like you by delivering thoughtful advice and sophisticated investment strategies through focused client-centric consulting. We help organizations like yours address today’s complex investment challenges through an integrated, goals-based investment process that enables them to redefine success, manage risk and help fulfill their missions.
Beyond our own 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 serviceourselves , 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.
We provide 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. Our level of involvement is based on your preference — from traditional consulting, to client-directed implementation, to full discretionary outsourced CIO services. We 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.
We 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.
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.
Customizable asset allocation based on the Merrill Lynch insightful capital market assumptions.
Recommend investment solutions leveraging Merrill Lynch’s thorough and rigorous due diligence process.
Advanced portfolio construction techniques combined with client specific objectives and Merrill Lynch’s capital market guidance.
Leverage Merrill Lynch’s global intellectual capital including tactical tilts to help increase returns.
Monitor, quantify and evaluate performance to identify opportunities to refine the portfolio’s overall strategy, based on the Investment Policy Statement.
We understand the issues nonprofits, endowments and foundations address in funding their missions in an ever-changing financial climate. Drawing on the global resources of Bank of America Merrill Lynch, we 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:
Impact investing and/or Environmental Social Governance (ESG) investing has certain risks based on the fact that ESG criteria excludes securities of certain issuers for nonfinancial reasons and therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
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:
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.
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.