Merill Lynch Pioneer In Wealth Management

Merrill Lynch is the wealth management, capital market and advisory company in the world. The company was founded in 1914, by Charles E. Merrill and C. Lynch. The company has offices in 38 countries around the globe. The company has its Headquarters in New York.

Merrill Lynch offers a large number of services to the customers through its various subsidiaries. The services of the company include; investment banking and advisory services, wealth management, investment management, capital market services, insurance, banking and many other related products and services around the world. The company helps the client in the to organization of the securities, brokerage and other stock services in equities, futures, mutual funds, currencies and many other derivatives.
Merrill Lynch provides remarkable services for investment banking and portfolio management to their clients. The company helps their clients in security organization and strategic advisory services like mergers and acquisitions, strategic valuation and many other corporate finance and advisory activities. The company is a great stress buster for its clients as it helps them in securities clearance, settlement and financing. They provide various wealth management products and services including financial retirement and generational planning.
The companys major field of services is planning services related to banking, lending and other services like mortgage, loans, trust, commercial loans, deposit-taking, securities-based loans and cash management. Merrill Lynch also provides services for insurance and annuity products of annuity underwriting.
Merrill Lynch was formed on 6th January, 1914, when its founder Charles E. Merrill started its business at 7, Wall Street in New York City. His friend Edmund C. Lynch joined him a few months later and the companys name was changed to Merrill Lynch & Company. In the year 1916, Winthrop H. Smith joined the company and ran the firm from the year 1940, till his death in 1961. His leadership was honored by the partners by including his name on the firm.

The firm was renamed as Merrill Lynch, Pierce, Fenner & Smith in the year 1958. The company gained prominence on the strong basis of its brokerage network, which was also referred as the thundering herd. This strong position in the market allowed the company to directly place the securities it underwrote. On the other hand the other established competitive Wall Street firms like Morgan Stanly had to rely on the independent brokers for the placement of securities they underwrote.
Merrill Lynch owns half of, one of the largest publicly traded investment management company in the world called Black Rock. The company owns around one trillion in assets under its management. The company strives for the principles of corporate social responsibility. The company contributes towards a large number of charities about underprivileged children and youth. The company is also in favor of protecting the global eco-system with the reduction in the use of natural resources and encouraging investment that supports the responsible and sustainable development. Merill Lynch