Columbia, S.C. – Merrill Lynch Wealth Management announced today that Financial Advisor Michael Velasco has been recognized on the Forbes “Best-in-State Wealth Advisors" and Barron’s “Top 1,200 Financial Advisors” 2019 lists. The lists were published on February 20 and March 11, respectively.
Merrill Lynch topped both lists with 1,019 advisors named to the Forbes "Best-in-State Wealth Advisors" list and 280 advisors to Barron's "Top 1,200 Financial Advisors" list.
“We are incredibly proud of Mike and his recognition on these lists,” said Joe Powers, market executive. “He provides dedicated and consistent high-quality service to clients.”
Velasco resides in Columbia, S.C., and has been a part of Merrill’s Columbia office for 25 years.
Merrill Lynch Wealth Management
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,796 financial advisors and $2.1 trillion in client balances as of December 31, 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 this business, Merrill Private Wealth Management 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 Wealth Management is part of Bank of America Corporation.
*Bank of America Corporation. Merrill Lynch represents multiple business areas within Bank of America Corporation’s wealth and investment management division including Merrill Lynch (North America and International) and Merrill Private Wealth Management. As of December 31, 2018, ML entities had approximately $2.1 trillion in client balances. Client Balances consists of the following assets of clients held in their ML accounts: assets under management (AUM) of ML entities, client brokerage assets, assets in custody of ML entities, loan balances and deposits of ML clients held at Bank of America, N.A. and affiliated banks.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp.
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Source: Barron's “Top 1,200 Financial Advisors” list, March 11, 2019.
The ranking considered advisors with a minimum of seven years financial services experience and have been employed at their current firm for at least one year. This is a list of the top advisors in each state, with the number of ranking spots determined by each state's population and wealth. Other quantitative and qualitative measures include assets under management, revenues generated by advisors for their firms, and the quality of the advisors' practices, regulatory records, internal company documents, and 100-plus points of data provided by the advisors themselves. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved. Rankings and recognition from Barron's are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement of the advisor.
Source: Forbes "Best-in-State Wealth Advisors" list, February 2019. The ranking for this list by SHOOK Research is based on due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Forbes is a trademark of Forbes Media LLC. All rights reserved. Rankings and recognition from Forbes/SHOOK Research are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement of the advisor.
© 2019 Bank of America Corporation. All rights reserved.
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