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- Trust & Estate Planning Services4
- Education Funding1
Named to Forbes "Best-in-State Wealth Advisors" list in 2019* and 2020*
Damon Marxer is a Senior Vice President, Wealth Management Advisor and a Portfolio Manager, who has been with Merrill Lynch Wealth Management since 2000 and formerly a CPA with Ernst & Young. Having “grown up” in the financial industry – learning from and working with his father, a longtime Merrill advisor – Damon brings decades of experience, insights and his personal humility to a down-to-earth clientele, including many he’s seen become successful adults.
“I enjoy family-like relationships with clients, their spouses and children – giving me a solid understanding of their lives and concerns. In witnessing how inflation and market volatility can affect people, I’m sensitive to clients’ comfort in helping to preserve and grow their wealth,” Damon explains.
On behalf of active and retired clients in Michigan, Colorado and many other states, Damon’s efforts reflect their years of diligence and sacrifice. “Most clients want a steady income stream, but they also deserve holistic strategies that account for Social Security, Medicare and supplemental plans. I’ve assisted clients through years of wealth creation, preservation and distribution,” Damon says. “Talking and making adjustments never stops.”
When it comes to investments, Damon has long believed in owning companies that consistently raise dividends. “With my accounting background, I prefer to look at what companies do – not what they say. If a company has a solid history of paying out cash, that signals a commitment by management and earnings typically follow.” Damon follows this philosophy by managing two rising dividend portfolios for many clients with a balance of international and fixed income. He maintains a simple investment approach with a keen awareness of tax-minimization strategies.
As complex as a client’s investment strategy might be, Damon strives to keep explanations simple. He also wants clients to understand their liabilities and have access to Bank of America for residential, securities-based lending and banking services. “From the outset, I organize the client’s financial assets and liabilities, building a personal balance sheet, so we can clearly see a client’s financial picture. Frequent conversations keep me updated and keep clients mindful of progress made toward their most meaningful goals,” Damon adds.
Damon is a graduate of the University of Colorado. He is also a CERTIFIED FINANCIAL PLANNER™ professional. He resides in Longmont, Colorado with his wife, Colleen, and their two boys. He enjoys spending time with his family and the great outdoor activities Colorado has to offer. He is also a longtime member of the Dearborn Kiwanis club.
*Damon does not provide tax or legal advice in his current role with Merrill.
*A Portfolio Manager can help clients pursue their objectives by managing on a discretionary basis his own personalized or defined strategies, which may incorporate individual stocks and bonds, Merrill Lynch Wealth Management model portfolios, and third-party investment strategies.
*Source: Forbes “Best-in-State Wealth Advisors” list, February 2019. The ranking for this list by SHOOK Research is based on due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Forbes is a trademark of Forbes Media LLC. All rights reserved. Rankings and recognition from Forbes/SHOOK Research are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement of the advisor.
*Source: The Forbes "Best-in-State Wealth Advisors" list, January 16, 2020. Data provided by SHOOKTM Research, LLC. Data as of June 30, 2019. The Forbes "Best-in-State Wealth Advisors" ranking was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client's experience. Rankings and recognition from Forbes are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results, and such rankings should not be construed as an endorsement of the advisor. Neither Forbes nor SHOOK Research receives compensation in exchange for placement on the ranking. Forbes is a trademark of Forbes Media LLC. All rights reserved. For more information: www.SHOOKresearch.com.
Our team is involved with local communities, assisting charitable organizations such as Junior Achievement . For more information about how we can help you pursue your goals and dreams, contact us at your convenience.
University of Colorado
Forbes "Best-in-State Wealth Advisors"
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2 Banking, mortgage and home equity products offered by Bank of America, N.A.
3 Insurance and annuity products offered through Merrill Lynch Life Agency Inc.
4 Trust and fiduciary services are provided by Bank of America Private Bank.
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