Carl began his career in financial services in 2000 at Fidelity Investments. In 2002 he joined Merrill Lynch Wealth Management, where he founded The Cafaro Group, a twenty-seven person team with offices in Newton, MA and Chicago. As a Team, The Cafaro Group is entrusted with $5.2 billion in client assets as of September 2022. Carl focuses on meeting client goals through a disciplined wealth management approach.

Carl continues to be committed to helping his peers achieve their career goals. As a member of the National Teaching Faculty for Merrill’s Optimal Practice Model, Carl has delivered hundreds of speeches at training forums throughout the country in which he shares best practices and offers his peers advice on successful business management. Carl has also been featured in multiple firm-wide coaching videos where he discusses his business development approach and his team’s client service model.

Carl is regularly recognized for his work at the firm and within the financial services industry. His accomplishments include the following:

The Cafaro Group has been named a Barron’s Top 100 Private Wealth Management Team in 2022 (*Published on April 15, 2022. Rankings based on data as of December 31, 2021)
The Cafaro Group has been named to the 2022 Forbes “America’s Top Wealth Management Teams High Net Worth” list (*Published on November 8, 2022. Rankings based on data as of March 31, 2022)
Named to the Forbes “Best-in-State Wealth Advisors” list in 2022, 2021 (*Published annually Jan – April. Rankings based on data as of June 30 of prior year)
Named to the Barron’s “Top 1,200 Financial Advisors” list in 2022, 2021, 2020 (*Published annually in March. Rankings based on data as of September 30 of prior year)
Named to On Wall Street’s Top 40 Under 40 (2015, 2014, 2013, 2009) (*Published annually Jan – Mar. Rankings based on data as of Sept 30 – Dec 31 of prior year)

A graduate of Assumption College in Worcester, Massachusetts, Carl holds a Bachelor's degree in Political Science with a minor in Economics, as well as a Master's degree in Higher Education Administration from Boston College. He remains active in the Assumption College community and recently accepted a position as a member of the Board of Trustees. He resides in Wellesley, MA with his wife Jacqueline and his six children and is dedicated to his local community, serving as a member of the advisory board at a learning center, Engaging Minds, and coaching youth baseball. He also serves on the Board of Directors for the Catalina Film Festival, an annual event designed to benefit the Catalina Film Institute.

*Source: The Barron’s “Top 100 Private Wealth Management Teams” list, published on April 15, 2022. Rankings based on data as of December 31, 2021.
The Barron’s “Top 100 Private Wealth Management Teams” list is a ranking of wealth management teams that specialize in serving individuals and families. The teams are ranked on a variety of factors, including their size and shape, the regulatory records and credentials of their members and the resources they have at their disposal to serve their client bases. The Barron’s “Top 100 Private Wealth Management Teams” ranking considered advisors with a minimum of seven years financial services experience and who have been employed at their current firm for at least one year. Quantitative and qualitative measures used to determine the advisor rankings include: client assets, return on assets, client satisfaction/retention, compliance records, and community involvement, among others. Rankings are based on the opinions of Barron’s and not representative nor indicative of any one client’s experience, future performance, or investment outcome and should not be construed as an endorsement of the advisor. Barron’s does not receive compensation from advisors, participating firms and their affiliates, or the media in exchange for rankings. Rankings and recognition from Barron’s 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. Barron’s is a trademark of Dow Jones & Company, Inc. All rights reserved.

*Source: The Forbes “America’s Top Wealth Management Teams High Net Worth” list, published on November 8, 2022. Rankings based on data as of March 31, 2022.
Data provided by SHOOK® Research, LLC. Forbes “America’s Top Wealth Management Teams High Net Worth” ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, 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 Forbes and not representative nor indicative of any one client’s experience, future performance, or investment outcome and should not be construed as an endorsement of the advisor. 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. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. SHOOK is a registered trademark of SHOOK Research, LLC.

*Source: The Forbes “Best-in-State Wealth Advisors” list, published annually Jan - April. Rankings based on data as of June 30 of prior year. 
Data provided by SHOOK® Research, LLC. Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual, and telephone due diligence meetings to measure best practices; also considered are: client retention, industry experience, credentials, review of compliance records, firm nominations; and quantitative criteria, such as: 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. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.

*Source: The Barron’s “Top 1,200 Financial Advisors: State-by-State” list, published annually in March. Rankings based on data as of September 30 of prior year.
The Barron’s “Top 1,200 Financial Advisors” ranking considered advisors with a minimum of seven years financial services experience and who have been employed at their current firm for at least one year. This is a list of the top advisors in each state, with the number of ranking spots determined by each state’s population and wealth. Other quantitative and qualitative measures include assets under management, revenues generated by advisors for their firms, and the quality of the advisors’ practices, regulatory records, internal company documents, and 100-plus points of data provided by the advisors themselves. Rankings and recognition from Barron’s 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. Barron’s is a trademark of Dow Jones & Company, Inc. All rights reserved.

*Source: On Wall Street “Top 40 Advisors Under 40” list, published annually Jan - Mar. Rankings based on data as of Sept 30 - Dec 31 of prior year.
The ranking for the “Top 40 Advisors Under 40” list is compiled using data solicited from the advisors’ employers. Advisors considered must be under 40 years old and work at an employee brokerage firm. Individual trailing 12-month production for each advisor was the primary ranking criteria. On Wall Street is a national publication serving the wealth management industry and retail brokers working in the employee channel for wirehouses and regional broker-dealers. Rankings and recognition from On Wall Street 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. On Wall Street is a trademark of SourceMedia. All rights reserved.

Jonathan joined Merrill Lynch Wealth Management as a Senior Financial Advisor in 2013, bringing 20 years of investment experience to The Cafaro Group. What motivates Jonathan is the opportunity to help clients clarify their financial goals and help them create wealth management strategies that align with their financial vision. He focuses on helping ultra-high-net-worth families and real-estate business owners.

Jonathan holds a bachelor's degree in American studies from Franklin & Marshall College in Lancaster, Pennsylvania. He is President of the Matthew L. Greer Children's Foundation. He and his wife, Lynne, live in Chestnut Hill with their three children.

Nick began his career in the financial services industry directly out of college, joining Deloitte's Boston office after graduating with a bachelor's degree in accounting and finance from Assumption College in Worcester, Massachusetts. After three years with the accounting firm, he joined Bank of America in 2003. He spent the next three years developing client relationships and providing banking, credit and lending solutions. He later redirected his interest in finance and became a financial advisor with The Cafaro Group. Nicholas is a qualified Portfolio Manager who, in addition to providing traditional advice and guidance, can help clients pursue their objectives by building and managing his own personalized or defined strategies, which may incorporate individual stocks and bonds, Merrill Lynch Wealth Management model portfolios and third-party investment strategies. When servicing clients through the firm's Investment Advisory Program, a portfolio manager may manage his strategies on a discretionary basis. With a focus on fixed-income management and market-linked investments, Nick helps clients create goals-based investment strategies. His greatest satisfaction comes from helping clients clarify and pursue their financial goals. Nick does not provide legal or tax advice in his role at Merrill Lynch Wealth Management

He and his wife, Monica, make their home in Wellesley with their young daughter and son.