Family Office
Merrill Launches New Ultra-HNW Initiative
Merrill Lynch has launched in the US a new group targeting clients with a minimum of $100 million. The new platform, Private Banking and Inv...
Merrill Lynch has launched in the US a new group targeting clients with a minimum of $100 million. The new platform, Private Banking and Investment Group, is building up multi-family office capability, according to the US trade press.
The initiative is looking at offering Rockefeller & Co’s Integrated Wealth Services’ back- and middle-office platforms. Merrill is also seeking out hedge funds, private equity and structured products.
The new platform is headed by Andy Edelman, who was put in charge of the merged institutional Investment Advisory Division and PBIG at the beginning of the year.
