Merrill Lynch Named Advisory Solutions Firm of the Year by Money Management Institute
Merrill Lynch Wealth Management was named Advisory Solutions Firm of the
Year at the 2013 Money Management Institute (MMI) Industry Leadership
Awards. The award, which was announced during MMI’s annual convention in
New York on April 23, 2013, recognized Merrill Lynch Wealth Management
as the firm that best exemplified overall excellence, as well as being
the most significant contributor to the long-term success and
sustainability of the industry over the last year.
“Our advancements and innovations in the managed solutions space are
designed entirely with our clients in mind. It is a great honor for our
company to be recognized for the effort invested by so many of our
people to create the leading platform we have today. The best is yet to
come as we will soon launch a greatly simplified platform that will be
an industry first and create an unmatched client experience,” said Andy
Sieg, head of Global Wealth and Retirement Solutions at Bank of America
Merrill Lynch.
Lorna Sabbia, head of the Managed Solutions Group at Merrill Lynch,
added, “It’s a tremendous honor to be recognized by MMI for our
excellence in client service through advisor education, product
innovation, a continued focus on risk management and enhancements to our
trading platform.”
Money Management Institute (MMI) is the national organization for the
advisory solutions industry, representing portfolio manager firms and
sponsors of investment consulting programs. MMI was organized in 1997 to
serve as a forum for the industry’s leaders to address common concerns,
discuss industry issues and work together to better serve investors. The
Institute is the leading advocate for the industry on regulatory and
legislative issues.
Merrill Lynch Global Wealth Management
Merrill Lynch Global Wealth
Management is a leading provider of comprehensive wealth management and
investment services for individuals and businesses globally. With nearly
15,000 Financial Advisors and $1.8 trillion in client balances as of
March 31, 2013, it is among the largest businesses of its kind in the
world. Within Merrill Lynch Global Wealth Management, the Private
Banking and Investment Group provides tailored solutions to ultra
affluent clients, offering both the intimacy of a boutique and the
resources of a premier global financial services company. These clients
are served by more than 150 Private Wealth Advisor teams, along with
experts in areas such as investment management, concentrated stock
management and intergenerational wealth transfer strategies. Merrill
Lynch Global Wealth Management is part of Bank of America Corporation.
Merrill Lynch Global Wealth Management (MLGWM) represents multiple
business areas within Bank of America’s wealth and investment management
division including Merrill Lynch Wealth Management (North America and
International), Merrill Lynch Trust Company, and Private Banking &
Investments Group. As of March 31, 2013, MLGWM entities had
approximately $1.8 trillion in client balances. Client Balances consists
of the following assets of clients held in their MLGWM accounts: assets
under management (AUM) of MLGWM entities, client brokerage assets,
assets in custody of MLGWM entities, loan balances and deposits of MLGWM
clients held at Bank of America, N.A. and affiliated banks.
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