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Somers Jones Group

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Merrill Lynch

Somers Jones Group

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Merrill Lynch
Wealth Management

Understanding your life priorities is an important part of how we work with the clients we serve. It’s not just about markets and returns, it’s about what matters most to you. We welcome the opportunity to show you how we can work together to create a financial approach designed around you, your goals and your aspirations.

Somers Jones Group

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Services dedicated to your financial life

If you are like most affluent families, you want your resources to do more, to take you farther, to enhance your life today and lay a foundation for the generations that follow. Advancing these desires calls for insight, skill and resources that go beyond merely investing.

Understanding your unique needs and opportunities

We offer your family advice and guidance from an experienced team that understands the nature of significant wealth. Whatever your needs and aspirations—across the spectrum of your financial life—we can help you address them with services and strategies tailored to your situation.

Relationships built on service, candor and shared vision

As a client, you can rely on our candor and discretion, knowing that you can freely discuss any professional or family issue affecting your finances. We also work to embrace your priorities, increase efficiency and help you pursue your ideal future.

Our goal is to build long-standing relationships, be there when you need us and help you to be ready for what comes next.

A team that high-net-worth families can rely on to understand them and help manage their complex wealth needs

Managing significant wealth demands the utmost skill and attention. Our team has the experience to help you pursue your financial goals, and we take the time to understand what you value and need most.

Philosophy

It’s important to plan for your financial future, which means getting more than investment advice. We believe you may find value in a one-on-one relationship with someone dedicated to knowing who you are and what you want to accomplish. Someone who knows your kids’ names, how hard you worked to get where you are, how you define a successful life and how you view investing. Our commitment is centered in helping clients achieve their goals by making their needs and wants a priority. Our advice and financial approach are guided by what’s important to you, and our success is defined by your satisfaction over time.

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Strategies tailored to your life and goals

Life and finances evolve differently for families with substantial wealth. The strategies that helped you accumulate your assets may not be the best ones to help you preserve and potentially grow them. We focus on helping you develop an overarching structure that encompasses your present financial outlook and targets your objectives as you move through life.

Understanding you financial personality

Every client has a financial personality. Often it is formed at an early age and further shaped by financial experiences throughout life. Our team believes that, to be truly effective, wealth management should be rooted in an understanding of your philosophy about money and how you earn and use it.

A different perspective of goals-based wealth management

Our team can work closely with you to identify and quantify the various objectives you may have for your assets. We can look for pathways that match your financial personality, individual circumstances and tolerance for risk. Our financial advisors can offer advice and guidance on.

Financial management: Helping you manage your income while controlling your expenses
Investments: Targeted asset allocation and portfolio management strategies
Retirement: Strategies for retirement income, business succession and monetizing equity compensation
Wealth transfer: We can help you create strategies that use gifting, trusts, life insurance, family corporations and partnerships to transfer assets in your lifetime and beyond.

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Approach

Wealth Management is a dynamic process. As we focus on you today and help you identify your goals for tomorrow, we can strive to work together throughout life’s ups, downs, triumphs, and transitions. Helping you pursue your goals starts with getting to know you and your family. Our job is to first understand what matters most to you. We will work together to create a financial approach that reflects your investment personality and is built around your life priorities. We will be here to help you make adjustments to your wealth management approach if and when necessary over time.

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.

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 give you a sense of the full assessment and help us provide you with additional insights and resources.

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Investing to pursue increased performance while seeking to minimize risk

Exceptionally affluent clients tend to have key advantages relative to other investors: large pools of capital, above-average income and the ability to make exceptionally long-term investments. The Somers Jones Group is skilled in developing investment portfolios and asset classes designed to evolve over generations.

Analyzing the portfolio

We look at each holding in your present portfolio to understand its purpose and utility toward your various objectives. Does the asset still have the return or risk-mitigation characteristics it once did? Is the asset appropriate for your life stage, as opposed to the time you originally acquired it? Our team will also work to understand how much liquidity you have and how much you need, given your expected income needs today, tomorrow and in retirement.

Modeling and selecting assets

Our team seeks asset classes we believe are matched to your financial outlook, risk tolerance, time horizon, and objectives. We can model each asset class to understand its risks, contribution and impact on the portfolio structure, as well as potential performance. This disciplined analysis allows us to suggest customized allocations targeting your short, intermediate and long-term goals.

Tracking your investment strategy

“How closely does your present investment activity align with market activity, risk, and your objectives?” That is a questions we often ask since market conditions, portfolio activity and shifting priorities can, and often do, alter your investment thinking over time. Our team takes a proactive approach by meeting with you periodically to review your portfolio, progress and current market conditions.

  • When clients come to us, they find a culture of service and commitment. We embrace their needs, seek to understand their goals, and help them chart a smart way forward.James S. Somers, Senior Vice President, Senior Financial Advisor

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.

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 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.

      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.