Taking care of your family and other people in your life
- Trust & Estate Services2
- Education Funding Strategies1
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Life is a series of challenges, both welcome and unexpected. The Menick-Friese-Phillips-Bock Group is committed to helping you meet financial challenges at every stage of life. Whether your focus is on retirement, funding an education for children or grandchildren, transitioning wealth to future generations, providing lifetime care for a family member with special needs – or all of the above – we can work with you to design thoughtful, objective strategies tailored to your individual goals.
We are an engaged, conscientious team with the personal and professional experience to address a wide range of wealth management needs. In addition, we have access to a deep pool of knowledge through an extensive network of Merrill Lynch trust, insurance, estate planning services, and other specialists. By combining their skills with our insights, we can help you chart a course and periodically adjust it to keep moving toward your financial goals.
The Menick-Friese-Phillips-Bock Group is committed to building relationships that last. We take a long-term view of wealth management, with the objective of guiding you through the cycle of wealth accumulation, preservation, and distribution.
Many of our client relationships extend deep into families, often encompassing multiple generations. We dedicate considerable time to meeting with you and other members of your extended family to learn what is most important to you, now and in the future. By understanding and working to anticipate your needs, we can recommend the wealth management strategies we believe are suitable for your circumstances.
We are especially aware of the financial concerns of families caring for someone with special needs. As we deepen our relationships with families, however, we find that many clients are concerned about making their wealth last through future generations. Even if they do not have a loved one with a special need or disability, they may question whether some family members have the capabilities to be good stewards of wealth. We are sensitive to their concerns and can help develop strategies aimed at transitioning and preserving wealth in these situations.
Caring for a family member with a special need or disability presents complex financial challenges. The Menick-Friese-Phillips-Bock Group combines personal insight and empathy with professional experience to assist families in meeting these challenges.
Typically, families are especially concerned about making their wealth last so they can provide the care and services their loved one may require throughout his or her life. We use the Merrill Lynch Special Needs Calculator to help families establish realistic financial objectives for providing lifetime care. Then, we recommend strategies designed to help increase the likelihood of reaching those objectives.
At your discretion, we can coordinate with other family members and outside advisors (including legal, tax, and estate-planning professionals), as well as internal Merrill Lynch specialists, to ensure that all the pieces of your strategy – such as guardianship for children with special needs – are in place and working together. We recognize that families with special needs often require nonfinancial services, and we can help you connect with additional resources, organizations, and support groups in the local community.
When a child, elder, or someone else close to you has special needs or disabilities, it can be difficult to focus on the rest of your family. Yet, it is important not to overlook their financial well-being. You may want to consider strategies for retirement income, estate planning services, insurance, and funding children’s or grandchildren’s college education. We can work with you to integrate special needs concerns into your broader wealth management approach.
The management of risk is central to our investment philosophy. We help clients determine the acceptable level of risk for any investment based on the desired level of growth expected. In general, we advise taking the least amount of risk required in pursuing your financial goals.
The amount of risk you can and should take in your investment portfolio will depend on your personal circumstances, risk temperament, liquidity needs, and time horizon. For example, the families of children with special needs will typically have a longer time horizon because they are looking beyond their own lifetimes to provide financial support for a loved one. Clients preparing for retirement may have a shorter time horizon, but they are also concerned about preserving the assets they have worked hard to accumulate.
The investment portfolio we help you to design will take into account your long-term goals, as well as liquidity and income needs and tax considerations, in addition to risk tolerance and time horizon. We believe that a diversified portfolio, actively managed and monitored over time, is the key to pursuing your investment goals.
For some clients seeking to reduce risk, we may recommend investing in sector-based index funds rather than individual stocks. These broadly diversified funds are structured to mimic the performance of specific indexes or benchmarks. They offer investors cost-efficient ways to invest across a number of market sectors or in specific sectors. In our view, these funds may help to mitigate market risk and respond to changes in the investment climate and economic environment.
We believe that the best financial strategy is the one that helps you pursue your goals. That's why, from the start, we talk about your aspirations and encourage you to ask questions about issues that matter most to you. Worried about managing future health care expenses? College on the horizon? Considering the sale of a business or purchase of a home? Preparing to pass your wealth on to future generations? With access to the investing insights of Merrill Lynch and the banking convenience of Bank of America, we will work with you to develop strategies that are designed to address your priorities and financial needs.
We begin every relationship with a conversation, helping you to identify and prioritize which goals matter most to you. Whether that's transferring wealth to the next generation, customizing financial strategies that help you pursue your passions, or simply providing advice and guidance to help you stay informed, we start by listening to learn more about you.
Merrill Lynch developed the Investment Personality Assessment to help us get to know your investing preferences. By gaining a deeper understanding of how you think and feel about investing through this assessment, we can help customize the financial strategy we develop together.
Drawing upon research in the field of behavioral finance, Merrill Lynch developed the Investment Personality Assessment to help us get to know you better as an investor and potentially help you refine your own investing preferences. By gaining a deeper understanding of how you think and feel about investing through this assessment, we can customize the financial strategy we develop together to help you with your approach for what matters most to you. Our Investment Personality Assessment is one of the ways to help me get to know you – to understand your goals and priorities. These questions will give you a sense of the full assessment and help us provide you with additional insights and resources.
Your life and goals change. We have tools to help you keep track of these changes so they can be reflected in your financial strategy.
Our process is designed to deliver a customized, consistent experience to assist clients not only in wealth accumulation and preservation, but in areas that go beyond portfolio management. Our ability to provide access to the investment insights of Merrill Lynch and the banking convenience of Bank of America offers a way for clients to manage all of the pieces of their financial lives. We can be a financial resource, helping clients with the process of transferring wealth to the younger generation.
We work primarily with high-net-worth individuals and families. We’ll begin by getting to know you as we explore the following seven priorities together:
Supported by the global resources of Merrill Lynch, our group is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.
We along with your tax professional can help you understand how it might affect your investment strategy
We offer you access to the investing insights of Merrill Lynch and the banking convenience of Bank of America to help you pursue your goals. We will work to help you stay on track, regardless of what the markets are doing.
1Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
2Banking products are offered by Bank of America, N.A.
3Insurance and annuity products offered through Merrill Lynch Life Agency Inc.
We understand that both your life and the financial markets can change over time. By periodically checking in to discuss changes in your life and revisiting your financial strategy, our goal is to help give you peace of mind* that you're on track to help achieve what's most important to you.
We'll meet with you periodically to review your goals and the progress you’ve made toward reaching them. We'll also discuss any adjustments needed to your financial strategy to help you stay on course.
Your life and goals change. We can help you keep track of these changes so they can be reflected in your financial strategy.
MyMerrill is your destination for access to your financial information, secure communications, and a robust offering of tools and capabilities.
*Peace of mind is an aspirational state of mind that clients hope to achieve. There are no guaranteed results following completion of the Goals-Based Wealth Management process because markets can fluctuate and investments can lose value. Advisors work with clients to help them understand how the goals based wealth management process can help to address their concerns, financial situation and priorities.
Helping you reach your goals starts with getting to know you personally. Through understanding what matters most to you, we can help you create a financial strategy that reflects your personality. Only then can we offer an approach that is built around your life priorities and the ongoing advice you need to help you manage fluctuations in the market and changes in your life. Let’s work together to help you achieve your goals.
As Merrill Lynch financial advisors, we will sort through the financial complexities of your life, helping you build a customized investment strategy to pursue your goals.
We put you first, every day.
Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch financial advisor.
Getting to know you is our primary goal.
Drawing from our experience and the best thinking of Merrill Lynch, we will build a strategy that reflects your unique needs, priorities and financial situation.
We will work to help you stay on track, regardless of what the markets are doing.