MERRILL

Revolutionizing Sustainability: StokedPlastics® Turning Ocean Trash Into Performance Plastic Treasure, Using 10x More Recycled Plastic Than Traditional Methods

Retrieved on: 
Thursday, May 9, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240509029972/en/
    Opolis Optics snow goggles, powered by StokedPlastics, are made from ocean found water bottles.
  • (Graphic: Business Wire)
    StokedPlastic® sets a new standard with ten times more recycled content than the industry norm.
  • With over 381 million tons of plastic waste produced annually and a staggering 91% left unrecycled , StokedPlastics® introduces a patent-pending performance plastic that incorporates over 25% recycled plastic by weight—significantly higher than the 2-3% utilized in conventional recycling methods.
  • StokedPlastic® pellets are crafted from recycled plastic water bottles sourced from global recycling partners throughout Indonesia and Asian coastline.

Clearside Biomedical Appoints Seasoned Biotechnology Executive Anthony S. Gibney to its Board of Directors

Retrieved on: 
Tuesday, April 16, 2024

“We are delighted to welcome Tony to our Board of Directors as we build on our leadership in delivering therapeutics to the suprachoroidal space,” said Clay Thorp, Chair of the Clearside Board of Directors.

Key Points: 
  • “We are delighted to welcome Tony to our Board of Directors as we build on our leadership in delivering therapeutics to the suprachoroidal space,” said Clay Thorp, Chair of the Clearside Board of Directors.
  • Most recently, Mr. Gibney served as the Executive Vice President, Chief Business & Strategy officer of Iveric Bio, Inc. until the company’s acquisition by Astellas Pharma Inc. in July 2023.
  • Before Achillion, Mr. Gibney was a Managing Director and Co-head of the biotechnology investment banking team at Leerink Partners LLC, and Managing Director of Merrill Lynch’s healthcare group.
  • He currently serves on the boards of directors of LAPIX Therapeutics, Inc. and InflaRx N.V. Mr. Gibney received a B.A.

DALBAR Report Unveils the Top Brokerage Account Statements

Retrieved on: 
Tuesday, April 30, 2024

DALBAR, Inc., the authority on financial services communications quality, released the results of its 26th annual review of account statements and revealed BNY Mellon’s Pershing, Merrill and Morgan Stanley as the firms to beat relative to brokerage account statements.

Key Points: 
  • DALBAR, Inc., the authority on financial services communications quality, released the results of its 26th annual review of account statements and revealed BNY Mellon’s Pershing, Merrill and Morgan Stanley as the firms to beat relative to brokerage account statements.
  • BNY Mellon’s Pershing takes top honors for brokerage statements for the 6th consecutive year in their ongoing quest to provide clear organization featuring robust holdings and client details.
  • Merrill, maintaining the number two spot among brokerage statements, excels at fee transparency and offers clients an upfront display of the top holdings in the account.
  • DALBAR’s Trends & Best Practices in Investor Statements is an annual publication ranking statements across brokerage, mutual fund, retirement, and variable annuity accounts, analyzing both the level of detail offered and the overall presentation of account information.

GoldenTree Asset Management Hires John Edenbach to Continue to Expand its Wealth Management Business

Retrieved on: 
Monday, April 15, 2024

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York.

Key Points: 
  • GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York.
  • Mr. Edenbach will focus on business development, working to expand GoldenTree’s existing efforts in Wealth Management.
  • He will report to Claudio Macchetto, Managing Director and Head of North American Wealth Management, at GoldenTree.
  • Mr. Edenbach brings over 20 years’ experience in wealth management, having also worked in Merrill Lynch’s Alternative Investments business for almost two decades.

BofA's Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients Since Launch

Retrieved on: 
Monday, April 8, 2024

CHARLOTTE, N.C., April 8, 2024 /PRNewswire/ -- More than 2 billion since 2018. That's how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched. It took four years to reach 1 billion interactions, since which client engagement has surged, reaching a second billion just 18 months later.

Key Points: 
  • "Erica acts as both a personal concierge and mission control for our clients," said Nikki Katz, Head of Digital at Bank of America.
  • "Erica meets clients where they are and when they need us, and has become a true guide by their side."
  • To date, Erica has responded to 800 million inquiries from over 42 million clients and provided personalized insights and guidance over 1.2 billion times.
  • For example:
    Out of more than 30 proactive insights Erica provides to clients, the top insights include:
    When clients ask Erica for assistance, common inquiries include:
    More than 98% of clients get answers they need from Erica within 44 seconds, on average.

Duo of Accomplished Advisors Break from Merrill to Create Independent Wealth Planning and Advisory Firm in North Carolina – Vincita Investment Partners

Retrieved on: 
Wednesday, April 3, 2024

Vincita Investment Partners is proud to announce its launch as an independent investment advisory firm.

Key Points: 
  • Vincita Investment Partners is proud to announce its launch as an independent investment advisory firm.
  • Based in Greensboro, North Carolina, Vincita is dedicated to providing customized financial planning, an extensive investment platform, and personalized service to assist clients in navigating the intricacies of their finances.
  • Prior to starting Vincita, JJ and Lauren worked together at Merrill and have 15 and 10 years of industry experience, respectively.
  • JJ holds several designations, including Certified Private Wealth Advisor®, Certified Exit Planning Advisor and Chartered Retirement Planning Counselor™.

UBS Hires Three-Person Financial Advisor Team in Birmingham, MI

Retrieved on: 
Thursday, March 28, 2024

UBS Wealth Management USA today announced that a three-person team, The Bucher Group, has joined the firm in Birmingham, Michigan.

Key Points: 
  • UBS Wealth Management USA today announced that a three-person team, The Bucher Group, has joined the firm in Birmingham, Michigan.
  • The father-son team is led by Financial Advisor Matthew J. Bucher and includes Financial Advisor Matthew M. Bucher, as well as Client Service Associate Christina Lynn Propst.
  • Together, they focus on providing tailored investment strategies and comprehensive wealth management advice for high-net-worth individuals and families.
  • “On behalf of UBS, we’re excited to welcome The Bucher Group to the firm,” said Geoffrey Centner, Market Director at UBS Wealth Management USA.

Palliser Appoints Former Elliott Partner Steve Kasoff as Chairman of Palliser US

Retrieved on: 
Wednesday, March 20, 2024

Palliser Capital, a global multi-strategy investment firm, announced today that former Elliott Management Equity Partner and Senior Portfolio Manager, Steve Kasoff, joined Palliser on 1 March 2024 as Chairman of Palliser Capital US.

Key Points: 
  • Palliser Capital, a global multi-strategy investment firm, announced today that former Elliott Management Equity Partner and Senior Portfolio Manager, Steve Kasoff, joined Palliser on 1 March 2024 as Chairman of Palliser Capital US.
  • Steve spent 17 years at Elliott Management where he was responsible for the firm’s global investments in structured credit, real estate, ABS, CDOs, and the firm’s macro strategies.
  • Prior to joining Elliott in 2003, Steve spent a number of years as a Director at Deutsche Bank’s CDO Group.
  • Steve Kasoff: “Palliser was the obvious place for me to build the next phase of my career.

Experience Zuzu, a Detroit Staple from Elia Group, Expands to Nashville

Retrieved on: 
Tuesday, March 26, 2024

NASHVILLE, Tenn., March 26, 2024 /PRNewswire/ -- Experience Zuzu, an immersive dining concept renowned for its upscale Asian fusion cuisine and stunning ambiance made for memorable celebrations, will extend its reach from Detroit to Nashville, opening later in 2024. The esteemed culinary destination has charmed celebrities and locals alike since its Detroit debut in 2023.

Key Points: 
  • NASHVILLE, Tenn., March 26, 2024 /PRNewswire/ -- Experience Zuzu, an immersive dining concept renowned for its upscale Asian fusion cuisine and stunning ambiance made for memorable celebrations, will extend its reach from Detroit to Nashville, opening later in 2024.
  • The esteemed culinary destination has charmed celebrities and locals alike since its Detroit debut in 2023.
  • We've been transformative with our dining concepts in the Detroit region, and we're ready to introduce ourselves to the Nashville market."
  • Experience Zuzu opened its doors in Detroit in August 2023, adding to the Elia Group portfolio of award-winning dining experiences throughout Detroit and the surrounding area.

New Merrill Portfolios Designed to Provide BofA Clients Predictable Income in Retirement

Retrieved on: 
Monday, March 25, 2024

CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.

Key Points: 
  • CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.
  • "Having a predictable monthly income replacement vehicle helps retirees enjoy this phase of life with greater confidence in their long-term financial security."
  • Now available for Merrill Guided Investing and Merrill Guided Investing with Advisor clients, key features of the income-focused portfolios include:
    Income-focused strategy choices: Investors can choose strategies ranging from "stable income" to "income and growth" to best align with their time horizon, risk tolerance and more.
  • Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ('MLPF&S') and Managed Account Advisors LLC ('MAA') an affiliate of MLPF&S.