Columbia, SC – Merrill Lynch announced today that Financial Advisor William Velasco has been recognized on Forbes’ 2018 "America’s Top Next-Generation Wealth Advisors" list, published on July 25, 2018. In all, 247 Merrill Lynch advisors are included on this year’s list, the most of any firm.
“We believe William exemplifies what it means to be a leader in the wealth management space,” said Joe Powers, market executive. “He demonstrates a commitment to helping clients achieve their most important life goals. We are proud to congratulate William on being named to this list.”
Advisors considered for this ranking were born in 1980 or later with a minimum of four years’ relevant experience. These advisors have built their own practices and lead their teams; joined teams and are viewed as future leadership; or a combination of both. The ranking algorithm is based on qualitative measures, such as telephone and in-person interviews, client retention, industry experience, credentials, review of compliance records, firm nominations, and quantitative criteria, such as assets under management and revenue generated for their firms. Investment performance is not a criteria because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not representative nor indicative of any one client’s experience, future performance, or investment outcome. Neither Forbes nor SHOOK Research receives compensation in exchange for placement on the ranking.
Velasco resides in Columbia, South Carolina, and has been a part of Merrill Lynch’s Columbia office for 4 years.
Bank of America Corporation
Merrill Lynch is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,820 financial advisors and $2.3 trillion in client balances as of June 30, 2018, it is among the largest businesses of its kind in the world. Bank of America Corporation, through its subsidiaries, 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, 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 approximately 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 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.
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