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.
The Massey Schmidt Littlejohn Harper GroupThe Massey Schmidt Littlejohn Harper Group is a leading wealth management team located in Houston, Texas. We work with ultra affluent clients to develop strategies and services that reflect their particular goals and opportunities. We differentiate our approach by bringing a highly tailored mindset to each client. We look to address the wealth management needs of the whole client: his or her family members, business considerations, legacy desires and philanthropic interests. Our team harnesses our experience and know-how to advance client interests across multiple facets of wealth. We provide not only investment management, but trust and estate planning services, cash flow analysis, liability strategies, insurance analysis, concierge services and family seminars. We advise families and family offices drawing on our network of contacts throughout the Southwest. As members of the Private Banking Investment Group at Merrill Lynch we enable clients to access the expansive resources of the firm all the while fostering an environment that is personal and discreet.
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.
Our Emphasis on Estate Planning Services
We work exclusively with ultra affluent families so we are attuned to the issues and opportunities that affluence can pose. We emphasize the value of estate planning services to long term wealth preservation and cross-generational wealth. Quite simply, significant wealth is different. By taking proactive steps to transfer wealth in an efficient and tax-sensitive manner families can effectively retain more of their wealth amplifying its impact on future generations. Our client engagements begin by developing detailed wealth transfer strategies. We have long term relationships with an extensive network of trust and estate planning specialists. Together we pursue cohesive strategies that prioritize a family’s long term financial outlook sensitive to the tax and philanthropic opportunities that affluent families face.
Our Focus on Efficient Investing
Investment management is a key driver of client value. We have significant experience in the capital markets not only in traditional investments, but also in alternatives. We are highly selective investors prioritizing fee containment, liquidity and efficiency. We oversee a number of money management strategies that are designed to pursue specific client goals; we also create customized portfolios to reflect the nuances of each client. Our investment perspective is detailed and informed. We delineate a client’s risk threshold, timeline, goals and preferences integrating this information into our asset allocations. We use index funds as appropriate gravitating toward their innate efficiency and cost effectiveness. We also monitor and review client portfolios assessing their alignment with a client’s life, wealth and legacy objectives.
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..
We are committed to providing financial well-being and convenience when it comes to the preservation and growth of client assets.
Our Knowledge of Defined Contribution Investing
We have significant experience in advising Defined Contribution Plans about their investment offerings. We work closely with 401(k) investment committees to delineate their retirement plan features and streamline construction and maintenance of these plans. As a designated Defined Contribution Investment Consultant (DCIC) within Merrill Lynch we are one of approximately 50 teams that offer monitoring and fiduciary services in this area. Our goal is to help clients provide plan participants with the tools and education they need for satisfying retirements. We are particularly skilled in staying ahead of industry trends while helping committees satisfy their fiduciary obligations. Our decades of experience in this realm align well with our work with affluent clients and families; our regular analysis of opportunities in the capital markets combined with our innate sensitivity to cost containment advances our initiatives with both client groups.
*Bank of America Merrill Lynch is a marketing name for the Retirement Services business of Bank of America Corporation (“BofA Corp”). Banking activities may be performed by wholly owned banking affiliates of BofA Corp, including Bank of America, N.A., member FDIC. Brokerage services may be performed by wholly owned brokerage affiliates of BofA Corp, including Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer and member SIPC.
For Family and Family Office clients:
- Trust and estate planning service
- Investment management
- Pre-and-post liquidity event strategies
- Concentrated and restricted stock management
- Customized lending and banking services from Bank of America, N.A
- Cash flow analysis and budgeting
- Access to family office governance and structure services
For Institutional clients:
- 401(k) plan design
- Investment analysis and selection
- Employee education
- Access to Fiduciary services
We understand the complexities that come with your executive position and the extreme demands on your time. We can help you develop a customized strategy that your wealth and compensation require. We can help you manage the risk of your concentrated stock position while navigating complex SEC rules, trading restrictions and reporting requirements. If you’ve just been promoted and would like help evaluating your new compensation plan, or if you’re looking to develop a long-term financial strategy for you and your family – designed to enable you to live life as you want it, with reliable access to cash – we can help simplify your financial life, as well as develop new strategies as your career and goals evolve.
As a technology entrepreneur, you focus relentlessly on what’s next. Yet as you look ahead to each new venture or cutting-edge innovation, it’s important to maintain the financial foundation that helps power your success and helps you take advantage of potential opportunities as they arise. We have experience helping entrepreneurs and business owners balance their personal lives with their life’s work. We understand the challenges you face every day, whether managing your newly achieved wealth or gaining access to the liquidity you need as seed capital or for personal expenses. We are dedicated in providing the experience and resources to help support your ongoing success.
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.
Intergenerational Family Wealth
Managing your family’s wealth across multiple generations goes beyond protecting and preserving assets, tax minimization strategies and designating heirs. Your goals also likely include passing on values and helping the next generation become effective stewards of wealth. Merrill Private Wealth Management helps a select group of families with personalized wealth transfer strategies, family wealth education and developing and implementing philanthropic visions. In working with you to create strategies that reflect your family’s intentions and help ensure your assets are distributed according to your wishes, we proceed in a manner that recognizes the complexities of your life challenges and the unique nature of your goals. Our extensive experience working with other families of significant wealth enables us to see and share best practices to help you achieve them.
Private Equity and Hedge Fund Principals
Your investment expertise as a hedge fund or private equity principal has likely resulted in substantial personal wealth. We have experience working with a select group of individuals in your industry. Drawing on our extensive capabilities and the broad resources of a global institution, we work to help you coordinate, manage and preserve your successes. We offer strategies aimed at simplifying the complexities of your financial life, including wealth transfer advice and guidance from Merrill and access to the banking convenience of Bank of America for your banking, lending and trust needs. We also provide access to Bank of America for your working capital needs in support of the day to day needs of your business.
As private wealth advisors with Merrill Private Wealth Management, we work with prominent families to help them manage the ongoing complexities of their wealth. Our deep experience with family offices enables us to tailor a range of services to help meet your specific needs. We can provide access to strategies ranging from investment and wealth management to governance, asset custody and administration, as well as assisting in the financial education of younger family members. In working with you to create and implement plans reflecting your specific intentions, our goal is to help your family enterprise succeed, and that your knowledge and values are passed along to the next generation. Together, we will focus on strategies that recognize the unique nature of your family’s mission, history and goals.
As a woman of wealth, you are well aware of how inaccurate stereotypes about gender and money can be. Beyond some specific challenges—for example, planning for the statistical probability of outliving a spouse—managing your wealth means avoiding preconceived assumptions while gaining a full understanding of who you are as an investor and what you want to achieve for your career, your family and your legacy. Merrill Private Wealth Management works with a select group of wealthy individuals and families to help them pursue the goals that matter most to them. We strive to get to know our clients on a personal level so we can offer boutique-like services and the resources of a global firm to create strategies specifically for their life and needs.
For individuals and families with multinational wealth, Merrill Private Wealth Management offers access to a combination of personalized service and the broad resources of an enterprise as global as your financial needs. Working with a select number of clients, we take the time to get to know your specific objectives, with cultural sensitivity and understanding that comes from serving people from a range of backgrounds and nationalities. Then, with access to the investment insights and U.S. based investment platform of Merrill and banking convenience of Bank of America, we offer customized strategies designed specifically for your life and legacy.
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.
As a professional athlete, you understand the significant rewards that sports can provide, the grit and determination that help you to succeed in a challenging environment, and the unique financial needs that come with wealth. Merrill Private Wealth Management works with a select group of current and former professional athletes as they pursue their financial and legacy goals. We are focused on helping you enjoy the lifestyle you have worked so hard to achieve while striving for the financial future you want for yourself and your family. Drawing on our extensive capabilities and the broad resources of a global institution, we offer strategies designed to simplify the complexities of your financial life. This includes access to trust and estate planning services from Bank of America and, through Merrill, investment strategies for the operation of a business, and education of family members to help bring your legacy vision to life.
Company Founders, Private Business Owners & Entrepreneurs
When you have built your own business, your personal finances and the life of your company are closely intertwined. You may be thinking about how to invest in your company’s growth while also deciding how best to use your personal assets. Helping ensure the future of your business likely involves employee benefits, retirement plans and succession planning. Helping secure your family’s legacy could entail wealth transfer strategies, trusts and philanthropy. Whatever your specific needs, we at Merrill Private Wealth Management can help entrepreneurs and business owners balance their personal financial lives with their life’s work. We are dedicated in providing the experience and resources to help support your ongoing success.