Columbia, S.C. – Merrill Lynch today announced that Michael Phemister Velasco, financial advisor of Merrill Lynch’s Columbia office, recently earned the Certified Private Wealth AdvisorSM (CPWA®) certification awarded by the Investment Management Consultants Association. This specialized education credential is awarded to individuals who are trained to work with high net worth clients during their wealth life cycle: accumulation, preservation, and distribution.
Candidates who earn the CPWA® designation learn to identify and analyze challenges facing high net worth clients and develop specific strategies designed to help minimize taxes, monetize and preserve assets, maximize growth, and transfer wealth.
“Mike’s specialized training is a reflection of his deep knowledge of the industry, as well as his dedication to working with clients to help them reach their financial goals,” said Joe Powers, market executive. “This recognition is well-deserved and is a testament to Mike’s commitment to bringing personalized wealth management solutions to his clients.”
Velasco, a resident of Columbia, S.C., joined Merrill Lynch in 1993. He received a bachelor’s degree from the University of South Carolina. Velasco is located in the Columbia Merrill Lynch office at 1301 Gervais Street and can be reached at 803.733.2179 or by visiting https://fa.ml.com/south-carolina/columbia/tcgandassociates/.
Merrill Lynch Global Wealth Management
Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,811 financial advisors and $2.2 trillion in client balances as of June 30, 2017, it is among the largest businesses of its kind in the world. Merrill Lynch Global Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment, cash and credit management. Within Merrill Lynch Global Wealth Management, the Private Banking and Investment Group focuses on the unique and personalized needs of wealthy individuals, families and their businesses. These clients are served by nearly 200 highly specialized private wealth advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Global Wealth Management is part of Bank of America Corporation.
Client Balances consists of the following assets of clients held in their Merrill Lynch accounts: assets under management (AUM) of Merrill Lynch entities, client brokerage assets, assets in custody of Merrill Lynch entities, loan balances and deposits of Merrill Lynch clients held at Bank of America, N.A., Member FDIC and affiliated banks.
Investment Management Consultants Association is the owner of the certification mark “CPWA®” and the service marks “Certified Private Wealth AdvisorSM,” Investment Management Consultants AssociationSM,” and “IMCA©.” Use of CPWA© or Certified Private Wealth AdvisorSM signifies that the user has successfully completed IMCA’s initial and ongoing credentialing requirements for wealth advisors.
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