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The Lorenz Wealth Management Group

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Merrill Lynch
Wealth Management


Our relationships are built on trust in knowing that we put our clients first in everything we do – our 40-year record of client satisfaction and achievement is something that motivates us every day.

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Our Profile

Fred Lorenz, Wealth Management Advisor, CFP®, CRPC™, CPFA™

Fred began his career at Merrill in 1983 after graduating with a degree in Commerce from Rider University. He was fortunate to partner with his father who taught him life lessons that no textbook could offer – to be a person of value to others and the importance of a strong work ethic. For more than 40 years, Fred has lived by these principles while keeping his client’s best interests and goals in mind. He strives to exceed client expectations through exceptional financial strategy, planning and service.

Fred is a CERTIFIED FINANCIAL PLANNER™, CFP® professional awarded by the Certified Financial Planner Board of Standards, Inc., and holds the Certified Plan Fiduciary Advisor® CPFA, and a Chartered Retirement Planning Counselor CRPC designations. With their extensive experience in investments, financial strategies, insurance and education, retirement, as well as estate planning services and tax minimization strategies, Fred and the Lorenz Wealth Management Team can accommodate every aspect of their client’s financial needs. In addition to working with individuals and businesses, Fred takes great pride in working with multi-generational families who trust his guidance and acumen with their loved ones. Fred also focuses on planning for families with multiples that often need solutions for their unique financial challenges.

Fred was recognized as one of Forbes “Best In-State Wealth Advisors” 2019, 2020, 2021, 2022, and 2023 (published annually Jan - April. Rankings based on data as of June 30 of prior year)

Fred was recently recognized with the 2023 David Brady Award for his extraordinary commitment and dedication to his clients and community. The award is considered one of the firm's highest honors and is named for David Brady, a New York-based financial advisor who passed in the terrorist attacks of September 11, 2001. 

Fred lives in Yardley, PA and is married with four grown children, including triplets – two of whom work for Merrill. Fred enjoys community outreach, especially working to help the children of Urban Promise, Trenton.  His favorite pastime is spending time at the beach with his extended family, and when wind conditions allow, sailing on the Barnegat Bay.

Karlie Lorenz, Wealth Management Advisor, CFP®, CPFA™

Karlie takes pride in establishing meaningful client relationships by developing a deep understanding of their financial situation and goals. Karlie holds the Certified Plan Fiduciary Advisor®, CPFA designation and is a CERTIFIED FINANCIAL PLANNER™, CFP® professional awarded by the Certified Financial Planner Board of Standards, Inc. Karlie helps clients take advantage of the full breadth of what Merrill has to offer. She assists clients with investment advisory, retirement planning, education planning, insurance, and trust needs. When not working, she enjoys spending time with her extended family in Long Beach Island, NJ. Karlie is a graduate of James Madison University and currently lives in Philadelphia, PA.

Drew Lorenz, Wealth Management Advisor, CFP®

Drew is a third-generation Merrill advisor and takes a client-focused approach to wealth management. He listens carefully to gain an understanding of his client’s priorities and goals and leverages the vast resources of Merrill to meet their needs. He is proud to be a CERTIFIED FINANCIAL PLANNER™, CFP® professional awarded by the Certified Financial Planner Board of Standards, Inc. and is committed to serving clients in all facets of their financial life including retirement planning, portfolio construction, and estate planning services. Drew earned a Bachelor’s degree in Finance and Minor in Entrepreneurship from the University of Miami. When not serving clients, he enjoys deep sea fishing and sailing off the coast of New Jersey.

Bank of America Corporation’s David Brady Community Service Award is named for David Brady, a Merrill financial advisor who died in the terrorist attacks of September 11, 2001. He was highly respected for putting the client first and giving back to his community. The award that bears his name was created in 2007 and seeks to honor individuals within Bank of America Corporation Global Wealth & Investment Management who continue to emulate David’s ethos.

Our Mission

Our mission is to offer a comprehensive approach to managing wealth that begins with listening to a client’s needs and helping to ensure every strategy is grounded in understanding what each client wants to achieve. We provide access to the investment insights of Merrill and the banking convenience of Bank of America to help address the various aspects of clients’ financial lives. We are driven by our shared passion for delivering excellent service and helping clients pursue their goals. Since 1979, the Lorenz Wealth Management Team’s reputation for success has been built on years of providing the best financial guidance to our clients. We help them preserve their assets while working together to grow their overall net worth. We follow Merrill’s goals-based wealth management process: establishing objectives, setting and implementing strategies, and reviewing progress. In addition, our team often draws upon the breadth of Merrill’s in-house specialists in lending, banking, insurance, and trust services to bring a full range of resources to further meet client objectives. Our relationships are built on trust in knowing that we put our clients first in everything we do – our 40-year track record of client satisfaction and achievement is something that motivates us every day.

Philosophy

We believe the best financial approach 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. Calculating how to manage 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? It all starts with a plan intended to help you manage, grow, and preserve your wealth today, while also considering the impact it can have for years to come. With access to the investment insights of Merrill and banking solutions from Bank of America, we will work with you to develop an approach designed to help address your financial needs.

Approach

Every relationship begins with a conversation, helping you identify and prioritize which goals matter most to you. Whether it's transferring wealth to the next generation, customizing your financial approach 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 and your family.

Your approach to investing

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 approach 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 help us provide you with additional insights and resources.

Understanding your goals and priorities

Your life and goals change. We have tools to help you keep track of these changes so they can be reflected in your financial approach.

Capabilities

Merrill’s process is designed to help deliver a customized, comprehensive experience to assist you not only in wealth accumulation and preservation, but in areas that go beyond investments. Providing you with access to the investment insights of Merrill, trust and fiduciary services from Bank of America Private Bank, and the banking and lending solutions of Bank of America offers a way to help you manage all of the pieces of your financial life. Working one-on-one with a Merrill advisor means you have a single point of contact to help you with potential strategies for transferring wealth to the younger generation.

Focus On Individuals, Families and Small Businesses

We believe that financial success can be achieved when you’re able to make investment-related decisions and trade-offs that can help you reach personally meaningful goals. Whether you’re planning your retirement, saving to buy a home or funding a child’s education, the process begins by getting to know you and how you feel about the following:

  • Health: Managing healthcare expenses, now and in the future
  • Home: Upsizing, downsizing, remodeling or buying a vacation home
  • Family: Taking care of your family and other people in your life
  • Leisure: Spending your free time in meaningful ways
  • Giving: Volunteering, mentoring others and giving to charities
  • Work: Working in retirement, selling or starting a business
  • Finance: Bringing it all together and defining your financial goals

Success will be measured by the amount of progress you are making toward reaching your goals, making thoughtfully considered adjustments as events and conditions warrant.

This material should be regarded as general or educational information on healthcare or Social Security considerations and is not intended to provide specific healthcare or social security advice. If you have questions regarding your particular situation, please contact your legal or tax advisor.

Recognition

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

Fred G Lorenz

Forbes "Best-in-State Wealth Advisors" 2019, 2020, 2021, 2022 and 2023
Published annually Jan- April. Rankings based on data as of June 30 of prior year.

Meet the Team

Supported by the global resources of Merrill, our 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.

Michael K Costo

Retirement Specialist

Bank of America, N.A.

Karen Gower Hofrichter

Senior Wealth Management Lending Officer

Bank of America, N.A.

NMLS #589277

Saba Lodhi

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.



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.



    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.

    #DigitalMerrill

    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 we can help you create a financial approach that reflects your personality. Only then can we 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.


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      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.

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      Transcript of Video 

      No question too big or moment too small
      For every question you have, every decision you make and every answer you need, we are with you to listen and help guide you along the many paths your life can take. Watch this video to see some questions we can address together.


      The Power of the Right Advisor®
      Working with a dedicated Merrill advisor means you get personalized investment strategies from Merrill plus access to comprehensive financial solutions only Bank of America can deliver.

      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.