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 its employees – it’s these real-world insights that guide our strategies and personalized service.
Maggs & Associates focuses on addressing the investing and wealth management needs of institutions and high net worth individuals and families. Our team works closely with clients to determine their needs and aspirations so that we can craft customized strategies to help them pursue their goals.
Clients at various stages in their lives count on us to help them find ways to pursue their financial and life goals, including:
The retirement lifestyle they envision
Preparing for the cost of the best education possible for their children and grandchildren
Wealth transfer to the next generation
Establishment of their legacy through family foundations and philanthropy
Diversifying business interests
Strategies for managing concentrated equity holdings
Maggs & Associates is dedicated to helping people achieve their financial goals. We believe every client is entitled the highest level of personalized service and care. With the global resources of Merrill Lynch, we’ll place you at the center of the wealth management process as we work together to design goals-based financial strategies to help you reach the goals that matter most to you.
Our team is committed to providing knowledgeable perspectives, thoughtful advice and customized strategies that are integrated with the unique needs of you and your organization. We are committed to creating strong relationships with clients and to providing value through our services.
As Bank of America Merrill Lynch Retirement Benefits Consultants (RBC), Mark Maggs, David Kim, Melanie Hnatishion, & Sara Gdowik are one of a select group of highly qualified and credentialed Merrill Lynch advisors specialized in defined contribution plans. From helping you shape a retirement plan to providing access to Fiduciary Advisory Services* we can help develop a plan to help meet your goals.
Our team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.
Maggs & Associates 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 understand the retirement and financial needs of your employees, as well as the responsibility those needs create for you as an employer. We offer the solutions your employees may need to help pursue their financial goals and maintain financial wellness. Our array of resources and expertise is designed to help meet your employees’ financial needs in ways that make sense for your company — strategically, operationally and financially. You and your employees will have a team of experienced and passionate advocates for financial wellness on your side. Our team will make your priorities their own so you can focus more on your business.
Your role as a plan sponsor is more challenging than ever, and it’s not something to face alone. We bring the resources and thought leadership from Bank of America Corporation and its affiliates to bear in helping you provide a strong, healthy and fully compliant program that runs smoothly, engages your employees and makes your job easier. We can help you focus on the areas that may be helpful to plan success, including Fiduciary Advisory Services1 and Education and Plan Services appropriate for your plan.2
1 Fiduciary Advisory Services is an investment advisory service sponsored by Merrill Lynch. It will only be offered to defined contribution plans recordkept by Bank of America Merrill Lynch and plans recordkept by our Advisor Alliance providers. It is available for plans up to $500 million in plan assets. For more information on plan eligibility speak to your Merrill Lynch advisor.
2 Education and Plan Services are non-fiduciary services required for Advisor Alliance plans and optional for MLII plans.
3 The Merrill Lynch Fiduciary Advisory Services Client Agreement and the related fee schedule and the Merrill Lynch Fiduciary Advisory Services program Brochure and other disclosure documents include information about the program, including Merrill Lynch’s fiduciary responsibilities pursuant to ERISA section 3(21).
4 Merrill Lynch and its representatives [or advisors] will provide investment advice or recommendations solely on a nondiscretionary basis with regard to qualified retirement plans. All discretionary and investment decisions concerning qualified plans, including which investments to offer under a qualified plan and approval of the IPS, are to be made solely by the plan sponsor. Please see the Merrill Lynch Fiduciary Advisory Services program Brochure for additional information.
All our efforts revolve around helping your employees pursue their goals. With Bank of America Corporation’s long legacy of service excellence, we take a holistic approach to helping your employees connect their life priorities and financial priorities—in and beyond their benefit plans. By broadening our view to include an employee’s entire financial picture, both in and out of plan, we believe we can help your employees better manage and gain control of their finances.
1The Advice Access service uses a probabilistic approach to determine the likelihood that participants in the service may be able to achieve their stated goal and/or to identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Advice Access. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits OnLine® or through your representative.
IMPORTANT: The projections or other information shown in the Advice Access service regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
Advice Access is an investment advisory program sponsored by Merrill Lynch. Merrill Lynch offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. All recommendations must be based on the suitability requirements of the client. Please refer to the Advice Access Brochure for information on the program including a description of the services and related fees.
Advice Access is only offered to defined contribution plans recordkept by Bank of America Merrill Lynch. For more information on plan eligibility speak to your Merrill Lynch advisor.
To help you meet your fiduciary responsibilities, we can offer investment solutions which are vetted by the investment due diligence process of the Chief Investment Office (CIO). Merrill Lynch will accept ERISA 3(21) fiduciary responsibility for the investment advice provided through DCIC. We believe that putting the expertise of a specialized Merrill Lynch financial advisor to work for your plan is a smart solution to help you meet your fiduciary responsibilities. We can offer thoughtful advice on how to create an investment lineup that fits your organization’s needs, as well as provide support to help manage investments over time.
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 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.
Wealth management is much more than a series of portfolio transactions. It is a disciplined process carried out over years, even decades. We take a client-centric approach, listening carefully to what you tell us to form a complete picture of your current financial situation and your goals for the future. Working collaboratively with you, we then help you develop strategies that are tailored to your objectives and address needs that you may not have even realized you had.
We begin with candid and thorough discussions that may include such topics as:
Our services extend beyond wealth management. Our goal is to provide you with a one-stop resource to help address the various aspects of your financial life—from investments, wealth transfer, life insurance and philanthropic desires. Through Bank of America, N.A., we can offer access to home financing.
Business Owners—Entrepreneurs look to us for assistance both in maximizing the amount of income they can defer for retirement and in providing valuable retirement benefits to their employees. Among the ideas we may suggest are 401(k), defined-benefit and nonqualified deferred-compensation plans, and profit-sharing programs. We can also help with business insurance, succession planning, and exit and cash management strategies.
Corporate Executives—We have considerable experience helping corporate executives prepare for their retirement and handle the risk inherent in equity awards and concentrated and restricted stock positions. When developing diversification strategies for these holdings, we also consider your other assets, risk tolerance, time horizon, liquidity needs and expectation for future growth. If appropriate, we may suggest using Merrill Lynch's sophisticated hedging strategies and derivative products.
Retirees and Pre-retirees—We offer advice and guidance on forging a realistic path toward a comfortable retirement. While you're still working, we can work your outside tax advisor to recommend tax minimization long-term strategies designed to maximize the benefits from company-sponsored offerings and other retirement sources. After you retire, we can suggest investment strategies designed to generate income and help you monitor your spending to help ease concerns about outliving your resources.
Estate Planning Services—Wealth transfer is a personal and sometimes complicated process. Working with your attorney and U.S. Trust, we can provide access to estate planning services through Bank of America. We will review your current situation and, if needed, work with you to develop and implement strategies designed to help you preserve your legacy.
Institutions—We understand that institutional investors have complex needs. Working with specialists at Merrill Lynch, we can help your organization with investment policy development, asset allocation modeling, manager selection and performance measurement. We can meet with your institutional board and investment committee to review your portfolio's performance and to present our current market research and outlook.
Credit and Lending—Working with a Wealth Management Lending Officer from Bank of America, N.A. we can help you analyze what you owe to whom and how much that debt costs you. We can also provide access to a wide range of credit services and loan arrangements to help you meet your personal cash management and borrowing needs.