We are a wealth management team within the San Francisco office of the Private Banking and Investment Group at Merrill Lynch, located in Provo, Utah. We work with business owners, entrepreneurs, senior executives, professional athletes, and institutions, helping advance their financial goals in meaningful and tangible ways. We recognize that significant wealth can bring challenges, as well as opportunities. We strive to help multiple generations pursue their objectives, while instituting the structures that can reduce complexity, capitalize on opportunity, and lead to a more satisfying and fulfilling life.
Our leaders, Scott and Dane Runia, are a father-and-son team. We’ve been privileged to develop long-term relationships with the families we serve, cementing the ties that attest to our value and integrity. As advisors, we believe more in deeds than in words, demonstrating our commitment through diligence and responsiveness.
We work with a select group of families who have achieved extraordinary success, helping them become informed stewards of their financial lives and legacies. We value hard work, integrity, and responsiveness, capitalizing on our strengths to generate positive outcomes for the families we serve.
A Tradition of Service
Our founder, Scott Runia, began his Merrill Lynch career in 1982. Scott instituted the practices and habits that inform the way we do business. We believe in some simple tenets, consistently applied:
Treat others as you would like to be treated. We look out for a client’s best interests. That precept is the foundation of our work.
Work hard. We’re vigilant, monitoring the investment markets, coordinating trust and estate planning services, evaluating credit opportunities, meeting with a client’s external tax and legal advisors, and answering questions. We believe in a purposeful and thoughtful approach.
Be accessible. We foster a warm and welcoming environment. Many clients drop in to our office; others know they can reach us quickly by phone or by email. In addition to face-to-face meetings, we welcome informal meetings, too, serving as sounding boards for new ideas and opportunities.
Be discreet. We take client privacy extremely seriously. We’re honored to serve as confidantes on important issues and never lose sight of that responsibility.
An Emphasis on Simplicity
We believe that the financial services world can make things unduly complicated; we strive to streamline and simplify. When we meet with clients, we ask them the type of information they want to receive, and then we execute on that preference. Our reports are truly customized, consolidating the information in a manner outlined by each client.
Our investment approach relies on simple precepts: diversification, wealth preservation, and consistent cash flow. We focus on three parameters—fees, taxes, and inflation—when assessing possible investment options, sensitive to opportunities for wealth transfer and charitable giving. We strive to smooth each client’s path toward his or her goals, regularly assessing our efforts and making refinements as necessary.
Making Clients’ Lives Easier
We’re gratified to help tackle problems, large or small. As one of the leading Private Wealth Management teams in the West, we’re intimately familiar with the decision points that people encounter; we’ve navigated those same crossroads before and can help clients implement best practices based on our own insights and experience.
Here are some of the services we can provide:
- Tailored investment strategies, including alternative investments
- Concentrated stock management
- Access to customized lending and securities-based lending through Bank of America, N.A.
- Tax-minimization strategies*
- Liquidity event strategies
- Trust and estate planning services
- Next-generation education and stewardship
*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.
*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.
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.