Taking care of your family and other people in your life
- Trust & Estate Services2
- Education Funding Strategies1
The Wolff Group makes planning for the future easier. Our initial focus is on getting to know you - your needs, values, passions, beliefs and goals:
Have you recently experienced a transition in life such as marriage, divorce, selling a business or entering into retirement?
Do you have a complete understanding of how your assets, liabilities, income and expenses are working together to ensure your financial wellbeing?
Have you decided on what type of legacy you want to leave for your family, friends and philanthropic interests?
The answers to these questions inform our next steps, which include the development of a comprehensive wealth management plan and investment strategy that works specifically for you, your family and your future generations.
Success is a choice. We'll help you make the right one.©
Our wealth management practice is focused on cultivating lifelong relationships that place the interests of clients first. That's why we operate across multiple generations, helping high-net-worth investors determine where to allocate their wealth at what time. We help achieve a consistent outcome by adhering to the following three steps:
First, the Wolff Group engages all clients in an active dialogue to develop a thorough understanding of every life goal, investment objective and tax consideration.
Next, we analyze the information and create a customized wealth management plan that spans the client's complete monetary lifecycle. This includes the generation of cash flow, net worth and projected income statements.
Following this process, we develop an investment strategy and help to ensure that all goals are met by hosting periodic performance and goals-based reviews.
This wealth management process is backed by Merrill’s proprietary technologies, highly-rated securities research, access to specialists in a variety of areas, and a comprehensive range of investments, accounts, services and fee structures.
*Any information presented in connection with BofA Merrill Lynch 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 Merrill Lynch 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 Merrill Lynch 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.
Our family office approach to investing is holistic, tax-efficient, disciplined and proactive. We typically begin with a top-down analysis of your balance sheet, and combine an understanding of you with forward-looking insights that reflect our strong convictions about asset classes, markets, economies, sectors, countries and currencies.
Supported by Merrill’s Chief Investment Office, top-ranked global equities research and a large team of analysts and specialists, we also will collaborate with your outside advisors - such as attorneys or accountants - to keep pace with changing financial market conditions and changes in your life. If your circumstances change over time, or new opportunities arise, we'll be there to adjust your plan and make sure it's on track.
Drawing on our unparalleled resources across the nation's 2nd largest bank, the Wolff Group operates as a one-stop-shop for managing the various aspects of wealth. We regularly assist clients with the following wealth management topics:
Asset Preservation Strategies - creation of living and irrevocable trusts, access to full service estate planning, dynasty trusts, grantor trusts, trusteed IRAs. Access to Bank of America Private Bank (formerly U.S. Trust), the nation's oldest and most prestigous trust institution. Control of how your wealth will be distributed to beneficiaries and heirs.
Business and Commercial Banking - support of your small, mid-size or large business through the merchant services and lending capabilities of Bank of America. Assistance with selling your business or transitioning ownership to the next generation when the time is right. Wire transfers and cash management for account balances of all sizes. Investment banking and pre-post IPO preparation.
Comprehensive Family Planning - educational services for children of all ages, facilitation of discussions across multiple generations to map out philanthropic objectives, access to tax-efficient college savings plans such as 529s, Coverdell's or UGMA/UTMAs.
Executive Compensation Planning - development of a strategy for your concentrated stock options including 83(b) elections, access to ULTRA (a specialized unit within Bank of America), exchange funds for diversifying your portfolio without the realization of capital gains.
Insurance Planning - review of your current policies including term, whole life, variable life and disability. Annuities and Long-Term Care applicability discussions, assurance that your dependents will be well taken care of following a significant life event that disrupts earnings potential.
Lending and Liquidity Services - competitive rates on home financing through Bank of America (NMLS: 1459519), HELOCs, reverse mortgages, personal loans on investment portfolios, lending on private collections including artwork and airplanes.
Philanthropic Services - creation and administration of Donor Advised Funds (DAFs), Private Foundations and Irrevocable Life Insurance Trusts. Use of your appreciated stock to support nonprofits and charities.
Retirement Planning - mapping of your current and projected income, expenses, assets and liabilities using proprietary Merrill wealth management software. Establishment of an investment strategy and action plan to help ensure that your goals will be achieved both pre and post retirement.
White Glove Customer Service - automated bill pay, access to MyMerrill and MyFinancialPicture, concierge services for booking vacations, hotels or rentals. Access to specialized banking services and credit cards through Bank of America, never step foot in a commercial bank branch again.
Our fee schedule is designed to be all-inclusive, transparent and competitive. By partnering with our team you will know exactly how much you're paying each month, how much you're saving and what is included in your service model. A typical client pays the following:
Assets <$3,000,000: 1.50% annually
Assets >$3,000,000 and <$5,000,000: 1.25% annually
Assets >$5,000,000 and <$7,000,000: 1.00% annually
Assets >$7,000,000 and <$10,000,000: .75% annually or less
Assets <$10,000,000: Less than .75% annually
These rates cover the costs of all investment transactions, and provide your family with the full-time support and backing of a CERTIFIED FINANCIAL PLANNER™ certificant, CERTIFIED PRIVATE WEALTH ADVISOR® designee, CERTIFIED INVESTMENT MANAGEMENT ANALYST® professional, a Juris Doctorate and access to our large team of dedicated in-house wealth management specialists. Moving forward, your family will always be supported by a veritable array of experienced Merrill advisors, planners and investors who know your name, situation and care about your outcomes.
*Our team does not provide legal advice in our current roles with Merrill Lynch Wealth Management.
We work primarily with high-net-worth individuals and families. We’ll begin by getting to know you as we explore the following seven priorities together:
We work closely with other trusted professionals to help clients pursue their goals, drawing on the investment insights of Merrill and access to the banking convenience of Bank of America as we do so.
Supported by the global resources of Merrill, our group is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.
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.
Internal Insurance Specialist
Our experts examine the forces that are changing the world – and how they may impact your life
We offer you access to the investing insights of Merrill, as well as banking, trust and fiduciary services from 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.
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 you stay on track to 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.
Your life and goals change. We can help you keep track of these changes so they can be reflected in your financial strategy.
MyMerrill is your online and mobile destination for access to your financial information, secure communications, and a robust offering of tools and capabilities
It’s easy to seamlessly integrate your Merrill Wealth Management and Bank of America banking accounts online and through our mobile apps with a single click
You can manage account security with our customizable security capabilities such as Face ID/Touch ID, one time passcode and other security features
Your advisor is a click away through our Secure Inbox and texting application
Access to your complete financial life is available with Spending & Budgeting, integrating your Merrill and Bank of America activity into a powerful tool to track your expenses and income
As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment strategy to pursue your goals.
We put you first, every day.
Getting to know you is our primary goal.
Drawing from our experience and the best thinking of Merrill, we will build a strategy that reflects your unique needs, priorities and financial situation.
We will work to help you stay on track, regardless of what the markets are doing.