Taking care of your family and other people in your life
- Trust & Estate Services2
- Education Funding Strategies1
We take the time to listen and learn about the needs and goals of your institution and the people it serves – it’s these real-world insights that guide our strategies and personalized service.
Every institution is unique, with its own specific purpose, objectives and concerns. The Iles Schropp Group understands the challenges your organization faces in pursuing your mission and goals. As wealth management professionals with experience on the board of directors and committees of nonprofit organizations, we can bring insight and empathy to our relationships with institutional clients across the tax-exempt spectrum. We also maintain a significant wealth management advisory practice for individual clients and their families, as part of Merrill Lynch's Private Banking and Investment Group.
Scott A. Schropp is among an exclusive group of 88 Merrill Lynch financial advisors nationally (as of December 2017) who have been designated as Global Institutional Consultants, after undergoing a rigorous selection process, including a comprehensive, multidimensional professional assessment. Global institutional consultants are required to possess professional credentials, such as the Certified Investment Management Analyst® (CIMA®) or the Chartered Financial Analyst® (CFA®) designation.
Supported by team members Ryan D. Iles and Wesley F. Schropp, and the rest of the team, Scott can deploy a sophisticated skill set. A disciplined investment and problem-solving approach enables the team to offer services to a wide range of institutions, with a focus on foundations, endowments and other nonprofit entities.
Beyond our own experience, we offer access to the deep intellectual capital and broad capabilities of a global leader, Bank of America Merrill Lynch. If your organization has a specific need, we can connect with the right people and resources to help you. As we help you navigate toward your future goals, we can make a large financial institution feel much more accessible. Education is central to our approach. Team members hold a number of designations that represent a commitment to expanding our knowledge in order to serve clients better.
The Iles Schropp Group difference is that we care deeply about helping our clients meet their goals and fulfill their missions. We demonstrate this daily by our diligence, responsiveness and commitment to lifelong learning.
We understand that members of endowment and foundation boards and investment committees have a significant responsibility with respect to the assets under their care. To complicate matters, many entities are managed by private trustees who may not have the time, resources or expertise required to develop, implement and monitor a disciplined, long-range investment strategy. Scott Schropp, supported by members of The Iles Schropp Group, have made investment consulting for not-for-profit organizations a central part of the team's practice. With a wealth of knowledge and experience, they are well positioned to help institutions explore the issues they face from multiple perspectives.
We can work with trustees, directors and investment committee members on
Outsourced CIO services allows institutional investors to delegate the day-to-day management of their entire portfolios to Bank of America through Global Institutional Consulting. This, in turn, leverages the firm's institutional resources, governance and research depth to seek predictable and consistent investment performance in line with an institution's goals. The Iles Schropp Group offers access to a spectrum of OCIO solutions ranging from client-directed implementation to fully discretionary service, with the institution's needs and preferences driving the recommended solutions.*
Our team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.
The Iles Schropp Group is supported by talented specialists who have experience working with institutions and share a strong commitment to guiding investment programs and strategic decision making.
We put the resources and intellectual capital of Bank of America and Merrill Lynch to work for institutional clients like you by delivering thoughtful advice and sophisticated investment strategies through focused client-centric consulting. We help organizations like yours address today’s complex investment challenges through an integrated, goals-based investment process that enables them to redefine success, manage risk and help fulfill their missions.
We provide access to a full suite of investment solutions to help you manage assets for non-profit organizations, foundations, endowments and corporate retirement and pension plans. Our level of involvement is based on your preference — from traditional consulting, to client-directed implementation, to full discretionary outsourced CIO services. We work with your CFO, board of directors and investment committee to develop a tailored investment strategy that is consistent with your culture, goals, preferences and risk profile.
We follow a disciplined process that helps to address your organization’s changing needs and provides you with a potentially higher probability of achieving your long-term investment goals.
Act as liaison between institutional clients and Merrill Lynch’s Investment Policy Statement (IPS) service, which creates and modifies an IPS, based on the client’s investment goals and objectives.
Customizable asset allocation based on the Merrill Lynch insightful capital market assumptions.
Recommend investment solutions leveraging Merrill Lynch’s thorough and rigorous due diligence process.
Advanced portfolio construction techniques combined with client specific objectives and Merrill Lynch’s capital market guidance.
Leverage Merrill Lynch’s global intellectual capital including tactical tilts to help increase returns.
Monitor, quantify and evaluate performance to identify opportunities to refine the portfolio’s overall strategy, based on the Investment Policy Statement.
We understand the issues nonprofits, endowments and foundations address in funding their missions in an ever-changing financial climate. Drawing on the global resources of Bank of America Merrill Lynch, we offer insight, guidance and personalized service to help institutions develop and execute investment strategies focused on what matters most to them and the people they serve.
Consider the broad spectrum of our investment management and advisory solutions, including:
Impact investing and/or Environmental Social Governance (ESG) investing has certain risks based on the fact that ESG criteria excludes securities of certain issuers for nonfinancial reasons and therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
Beyond our experience, we offer access to the deep intellectual capital and broad capabilities of Bank of America Corporation and its affiliates. If we identify a need we can’t service myself, we can connect you with the people and resources to help you. Through our network of advisors, we strive to deliver strategies to help you manage the day-to-day and long-term responsibilities required in pursuing your institution’s goals. As we work together to address your evolving needs, we can make the broad capabilities of Bank of America Corporation feel much more accessible.
We believe 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 to future generations? With access to the investment insights of Merrill and the banking convenience of Bank of America, we will work with you to develop strategies designed to help address your financial needs.
We begin every relationship with a conversation, helping you identify and prioritize which goals matter most to you. Whether it's transferring wealth to the next generation, customizing financial strategies to help you pursue your passions, or providing advice and guidance to help you stay informed, we start by listening to learn more about you.
Drawing upon research in the field of behavioral finance, Merrill developed the Investment Personality Assessment to help me get to know you better as an investor and help you refine your investing preferences. By gaining a deeper understanding of how you think and feel about investing, through this assessment we can customize financial strategies together. Using an understanding of your priorities and investment personality as a foundation, we help you access the full breadth of resources from Bank of America’s banking products and services and Merrill’s investment insights to address all aspects of your financial life.
Our process is designed to help deliver a customized, consistent experience to assist clients not only in wealth accumulation and preservation, but in areas that go beyond investment management. Our ability to provide access to the investment insights of Merrill, as well as banking, trust and fiduciary services from Bank of America offers a way to help clients manage all of the pieces of their financial lives. We view ourselves as a financial resource, helping clients with strategies for transferring wealth to the younger generation.
Drawing upon research in the field of behavioral finance, Merrill 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 pursue what matters most to you. Our Investment Personality Assessment is one of the ways to help us 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.
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.
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.
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.