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led by James Gorman, is the world's premier provider of
wealth management services — with more than $1 trillion in client assets. Unmatched advice
and guidance are hallmarks of our private client franchise and remain a substantial competitive
advantage. Merrill Lynch's 14,000 Financial Advisors — the best trained force of its kind in
the industry — offer a comprehensive range of products and services to meet clients' unique
needs. Our philosophy, Total MerrillSM, symbolizes all that is possible in a relationship with
Merrill Lynch: from credit and lending to investments; from estate planning to philanthropic
strategies; from retirement to small business services. With Total MerrillSM, we believe it is no longer necessary for our clients to maintain a relationship with any other financial institution.
For individual investors, GPC ensures high-quality service through a segmented offering
that meets clients' needs at every level. Private Wealth Advisors and their teams specialize in
sophisticated solutions to meet the complex needs of ultra-high-net-worth clients. Wealth
Management Advisors provide personalized advice and guidance to high-net-worth individuals.
And, our Financial Advisory Center serves more than a million clients who have more
basic financial needs. GPC is investing in several growth initiatives. For example, mortgage
origination and small business loans more than doubled in the last year. Through our new cash
management platform, Beyond Banking®, clients can manage their everyday financial transactions
separately from, but linked to, their investment holdings. This continues a strategy to
increase our global banking deposits, which have grown more than tenfold in the past five years.
Similarly, the retirement sector represents an important opportunity. Today, Merrill Lynch
serves more than 21,000 workplace-based retirement programs, and more than five million
individuals with retirement accounts. A leading industry survey now ranks Merrill Lynch as
one of the top-quality 401(k) providers. By continuing to address our clients' comprehensive
financial needs, diversifying revenues and focusing on service excellence, GPC is better
positioned than ever to capture a growing share of industry profits worldwide. |
The ability of Merrill Lynch Financial Advisors and their teams to interact with clients will be greatly enhanced
in the coming years thanks to a significant investment in technology. In partnership with Thomson Financial, we are developing the Wealth Management Workstation — an interactive technology platform that combines market data, news and superior portfolio management capabilities with innovative client relationship management and planning tools. We're giving our Financial Advisors the very best technology and tools available, making service excellence a reality for clients every day.
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