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Tune out the noise: Wealth planning for the year ahead
Hear from a panel of experts as they explore how rising interest rates, high inflation and increased volatility are impacting the economy, how family dynamics are changing estate planning and hear some actionable strategies for investors to consider in 2023.
Merrill Lynch
Wealth Management
I respect my clients and the wealth they’ve created.
Like me, they’re serious about their accomplishments
and want to ensure their assets are working efficiently.
For decades, I’ve measured my success by the relationships we share and the goals I’ve helped them achieve.
Profile
David is celebrating 26 years with Merrill and relationships with an ambitious clientele that span the wealth continuum and generations of families. Sharing his entrepreneurial spirit with clients of a similar mindset, he has come to serve successful men and women – business owners (including local manufacturers, retailers, builders and wholesalers), executives, attorneys and retirees in Guam and on the mainland.
While diverse in their paths to his door, most clients have reached the point where managing their myriad financial challenges is either too challenging or time-consuming. As a result, David has built a practice in which delivering boutique-like attention with a staff of three talented support people becomes especially beneficial to clients.
In addition to serving as a “go-to financial resource” for clients, David has earned a reputation for his intense focus on investing and desire to exceed industry benchmarks – as calculated by total return (interest, dividends and appreciation). His approach begins by accounting for a client’s full balance sheet (all assets including real estate, for example, as well as liabilities).
From there, David determines a targeted risk-and-return profile to help achieve a client’s goals – using beta and standard deviation to generate excess returns for each unit of risk. Then, he reviews and identifies macro economic trends – fiscal expansion/contraction, cost of funds, market trends such as splits or buybacks, and use of leverage in financial markets. He also identifies the risk premium for each sector and asset class
Relying on Merrill research and actively engaging with a select circle of investment managers, David identifies individual portfolio components among selected equities, bonds and ETFs. Careful scrutiny is given to cash flow growth, earnings growth, debt management, the quality of management, dividend growth, and evaluation of current returns over historical returns.
“My clients have worked so hard for the wealth they’ve accumulated. It represents their careers and the sacrifices they’ve made,” David says. “I explain my process to clients so that it’s transparent. Beyond investments, we work with clients’ attorneys to align estate-planning strategies. There are no do-overs when it comes to retirement planning, exit planning or legacy planning. We’re all in.”
David is a highly credentialed, lifetime learner who believes his rigorous and ongoing industry training allows him to bring clients an extra measure of knowledge and know-how. He holds the Certified Investment Management Analyst®, CIMA®, Certified Private Wealth Advisor®, CPWA®, Certified Portfolio Manager® CPM® and Certified Plan Fiduciary Advisor, CPFA designations.
He is also a Portfolio Manager who 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 model portfolios, and third-party investment strategies.
Generous with his time and resources, David has long served as a board member of various charitable organizations. A graduate of the University of Maryland, David’s passions include cycling, paddle boarding, reading novels, studying, brewing beer and time spent with his wife, Marie, and his two daughters.
*Any information presented in connection with BofA Global Research is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific investment objectives, financial situation and particular needs of any specific person who may receive it. Investors should understand that statements regarding future prospects may not be realized. BofA Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. BofA Global Research does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.
I follow the deep-seated Merrill tradition of participating in the communities we serve. This drives my interest in spending time volunteering with organizations in our community.
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LANGUAGES
English
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EDUCATION
University of Maryland
Create a plan that is all about you.
Merrill Personal Wealth Analysis™ can help us build and document a personalized plan, centered on your goals and focused on what you want to achieve.
Professional Staff
Supported by the global resources of Merrill, my team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.
Additional Resources
The following specialists do not make securities recommendations. Please contact your Merrill Lynch Wealth Management Advisor if you have questions about how a specialist might be able to assist you.
Carlos Carley
Wealth Management Banking Specialist
Merrill
Staying on Track
We understand that both your life and the financial markets can change over time. By checking in to discuss changes in your life and revisiting your financial approach, our goal is to help you stay on track to achieve what's most important to you.
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Your life and goals change. As these changes occur, we can update your approach to reflect them.
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I believe it’s important that you seek the advice and guidance of an experienced financial advisor who can thoughtfully analyze your situation, work with you to identify potential solutions that address your needs, and clearly communicate them to you. I want to work with you to develop your wealth management approach for the future.
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