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Dominick R Scavelli

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Recognition

Merrill is proud of our advisors who’ve received recognition from industry publications. We believe they are setting the standard for exemplary client service.

Dominick R Scavelli

Forbes "Best-in-State Next Generation Wealth Advisors" in 2019

Profile

Dominick joined Merrill Lynch Wealth Management in 2012 and works directly with affluent families, business owners, and veterinary professionals to manage wealth through lifestyle planning, strategic asset management, advanced wealth transfer strategies, and personalized family education. Dominick also plays an integral role in portfolio design and implementation - managing exposure to new issues in the debt and equity markets and leading the team in portfolio research, analytics and modeling.

Dominick was recognized by Forbes Shook Research in 2019 as a "Best-in-State Next-Generation" Wealth Advisor, holds the CERTIFIED FINANCIAL PLANNER™ certification, awarded by the Certified Financial Planner Board of Standards, Inc., and the Certified Private Wealth Advisor® certification, awarded by the Investments and Wealth Institute. He is a graduate of the Stillman School of Business at Seton Hall University, where he was a distinguished scholar of the University Honors Program and earned a dual bachelor's degree in Finance and Information Technology Management. He lives in Chatham, NJ with his wife Erica and enjoys spending time with his growing family and playing competitive baseball and basketball.

*Source: Forbes "Best-in-State Next-Generation Wealth Advisors" list, September 4, 2019. For more information about the selection criteria, go to http://details-he.re/8ny9H7. Forbes is a trademark of Forbes Media LLC. All rights reserved. These rankings and ratings are not representative nor indicative of any one client's experience, future performance, or investment outcome and such rankings should not be construed as an endorsement of the advisor.

  • EDUCATION

    Seton Hall University

  • AWARDS

    Forbes "Best-in-State Next Generation Wealth Advisors" in 2019

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.

Diana De Jesus

Diana De Jesus

Wealth Management Banking Specialist

Merrill Lynch

Jason A Elfenbein

Jason A Elfenbein

Senior Wealth Management Lending Officer

Bank of America, N.A.

NMLS #644475

Tricia Kropp

Tricia Kropp

Trust Specialist

Bank of America, N.A.

Where do we begin? It starts with you.

At Merrill Lynch Wealth Management, your financial advisor focuses on the things you care about most- family, goals and priorities - even as they change over the years.

Understanding Your Life

Who We Are

Helping Families Navigate Significant Wealth
We work with successful families who have created significant wealth through decades of hard work, family sacrifice and risk taking. Most of these families lack the time, resources and/or interest in managing their own wealth and designate that responsibility to our team - allowing them to use their time and talents where it belongs - with their work and their family - not on the everyday nuisances of the managing their financial life.

A Goal-Centric & Personalized Process
We spend considerable time and energy in "discovery" to understand your financial values, personal and professional goals, key relationships and family dynamics in order to create a personalized diagnostic of your balance sheet, income and expenses, and investment construct.

Who We Work With
While every family is unique, each have captivated us with their incredible stories and drive to create, dream, and grow. Many are first generation wealth builders, share common values around family, education and work ethic, and cherish the integrity of a deep-rooted relationship. While our clients represent a broad brush of industry, some of the clients we work with most include multi-generational families and family businesses, entrepreneurs, film executives and veterinary professionals.

Veterinary Professionals
Our practice has deep rooted relationships and experience in the veterinary industry - enabling us to work with practice owners, specialists, and equine professionals to structure tax-efficient benefit plans, merger and acquisition opportunities, and comprehensive wealth management counsel. Even more, clients benefit from our deep network of strategic partners in the areas of law, lending, and tax compliance who carry a specific focus in veterinary medicine.

Who We Work With

While every family is unique, each have captivated us with their incredible stories and drive to create, dream, and grow. Many are first generation wealth builders, share common values around family, education and work ethic, and cherish the integrity of a deep-rooted relationship. While our clients represent a broad brush of industry, some of the clients we work with most include multi-generational families and family businesses, entrepreneurs, film executives and veterinary professionals.

Veterinary Professionals
Our practice has deep rooted relationships and experience in the veterinary industry - enabling us to work with practice owners, specialists, and equine professionals to structure tax-efficient benefit plans, merger and acquisition opportunities, and comprehensive wealth management counsel. Even more, clients may benefit from our deep network of strategic partners who carry a specific focus in veterinary medicine.

Client First Philosophy

Relationship Driven
We remain selective in taking on new relationships to preserve the quality of our work and our commitment to delivering an unrivaled client experience for our clients. Even more, we are truly proud of the strong connections we've developed with clients and their families over the years and find no replacement for mutual trust in implementing a successful wealth plan.

Our Commitment
Many of our clients have high demands on their time and it's our goal to keep them organized, efficient, and using their time and talents where it belongs. Even more, we commit to the following:

*Understanding you, your goals, your personal financial needs, your tolerance for risk, and any other factors that may impact our recommendations.
*Having a deep understanding of the key relationships in your life and the dynamics within your family.
*Together evaluating your investment choices and setting realistic expectations about long term performance and the associated risks of your portfolio.
*Making ourselves available to discuss the status of your investments, planning, and our advice
*Meeting with you periodically to review your strategy and investments and listen to any changes in your life that may prompt us to adjust your strategy
*Gauging our collective success by the progress you make, over time, towards the financial goals that are most important to you and your family 

Advisor Coordination
At your request, we target to coordinate with your other professional advisors, including your attorney, CPA, tax preparer, business manager, insurance underwriter - amongst others. Our experience has been that your interests are best served and you increase the likelihood of attaining your goals when your trusted advisors work together proactively to offer a cohesive client experience.

Investments

I believe that your investments should be a reflection of you — your life, your priorities, your goals. As your dedicated advisor I will get to know what matters most to you and help you define your goals. I use this understanding to help you build a customized financial strategy and offer consistent, personalized advice. Combined with professional management, you can stay on the right path towards pursuing your long-term objectives.

Your Financial Approach

We offer you access to the investing insights of Merrill, trust and fiduciary services from Bank of America Private Bank, 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.

FAMILY
Taking care of your family and other people in your life
  • Trust & Estate Planning Services4
  • Education Funding1
  • Insurance3
HEALTH
Planning for healthcare expenses now and in the future
  • Long-term Care Insurance3
  • Health Savings Account2
  • Disability Insurance3
HOME
Upsizing, downsizing, remodeling or buying a vacation home
  • Home Loans2
  • Home Equity Lines of Credit2
  • Securities-Based Lending2
  • Credit Cards2
WORK
Working in retirement, selling or starting a business
  • Bank of America Business Banking2
  • Exchange Funds1
  • Concentrated Stock Management1
  • Succession Planning1
LEISURE
Spending your free time in meaningful ways
  • Credit Cards2
  • Securities-Based Lending2
  • Structured Lending2
GIVING
Volunteering, mentoring others and giving to charities
  • Donor-Advised Funds4
  • Private Foundations4
  • Charitable Trusts4
FINANCE
Using your finances to bring it all together
  • Merrill Investment Accounts1
  • Investment Advisory Accounts1
  • Alternative Investments1
  • Exchange-Traded Funds1
  • Mutual Funds1
  • Closed-end Funds1
  • Fixed Income Products1
  • Options1
  • Annuities3
  • Impact Portfolios1
  • Market-Linked Investments1
  • Securities-Based Lending2
  • Margin1
  • Home Loans2
  • Bank of America Checking and Savings Accounts2
  • Credit Cards2
  • Online Account Access1,2

1 Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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.

Staying on Track

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 approach, our goal is to help you stay on track to achieve what's most important to you.


Periodic reviews to help you
stay on track

We’ll meet with you to review your goals and the progress you’ve made toward reaching them. We’ll also discuss any adjustments needed to your financial approach to help you stay on course.


    Monitoring changes in your life
    and to your goals

    Your life and goals change. As these changes occur, we can update your approach to reflect them.

    Wealth Management Your Way

    MyMerrill is your online destination for access to your financial information, secure communications, and a robust offering of tools and capabilities.

    Your advisor is a click away within our site or mobile apps

    You can manage account security with our customizable security capabilities such as touch ID, one time passcode, and other security features

    Access to your complete financial life is available with My Financial Picture, Merrill’s asset aggregation tool

      Let’s Have a Conversation

      Helping you reach your goals starts with getting to know you personally. Through understanding what matters most to you, together I can help you create a financial approach that reflects your personality. Only then can I offer an approach that is built around your life priorities and the advice you need to help you address fluctuations in the market and changes in your life. Let’s work together to help you achieve your goals.

      Why Merrill?

      As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals.


      Merrill_Capabilities_Brochure.png  

      We put you first, every day.
      Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor.

      Personalized advice from a dedicated financial advisor.

      We get to know you and your family, your financial situation and what matters most to you.

      A comprehensive approach, built around your life’s priorities.

      Drawing from our experience and the best thinking of Merrill, together we will design an approach that reflects your unique needs, priorities and financial situation.

      Adjusting your investment approach as your life and the markets change.

      We will work to help you stay on track, regardless of what the markets are doing.