Mission
We listen carefully to what you tell us, in order to understand your objectives, vision and long-term priorities. We approach this through providing access to the vast investing resources of Merrill Lynch Wealth Management and the banking convenience of Bank of America. An integral part of our service is our providing clients with access to a Wealth Management Lending Officer. The Wealth Management Lending Officer does not offer investment advice, nor make recommendations on investment products.
Who We Are
The Foreman Rial Group offers financial advice and guidance to some of the country's most successful and prominent families. These are clients who can take their wealth anywhere, yet every day they rely on us, for insight and strategies to help them manage their net worth. We're ready with ideas on monetizing business interests and equity compensation, investment guidance on various portfolios, strategies for retirement, and the latest techniques to help you transfer your wealth smartly.
Our Qualifications
We have decades of experience working with a select but diverse group of affluent families. However your finances are arranged, chances are we've helped clients in similar situations. You'll find our team has:
- Advanced financial training and certifications
- A deep understanding of high-net-worth portfolios
- Access to leading financial technology, tools and resources
We seek to keep our skills sharp through additional training and seminars on new financial systems, regulations, strategies and digital delivery methods.
Who We Serve
The Forman Rial Group works with a select group of clients largely comprised of prominent business owners, entrepreneurs, private equity investors and corporate executives. The affluent client who deals with complex financial situations deserve high-touch service. We strive to provide a level of client service that exceed expectations.
Financial guidance for a new generation of business leaders
Many of the clients we work with started, spun-off or acquired other companies either to complement their existing business or to enter new industries. They are also frequent investors in other businesses, either through direct placement or through private equity and/or venture capital funds.
Our team can offer advice and guidance on equity investments and compensation, as well as map out the current landscape of your holdings. We can also develop strategies for allocating your various income streams to fund your expenses, portfolios and other priorities.
A diverse, wide-ranging perspective on family wealth
Our team works with clients from a wide range of cultural backgrounds. Many clients are second- and third-generation family members who have either started or expanded businesses in the United States. We offer a highly experienced financial worldview based on:
- Financial stability—Merrill generally acts as custodian for assets about which we advise and guide you or help you manage. These assets are held in the United States unless you instruct otherwise. You can expect that your assets will be available to you when you need them.
- Maximum privacy—Our team adheres to applicable American privacy laws and regulations, as well as the stringent privacy policies of the firm. Only with your permission will we discuss your accounts with your family members or other trusted advisors, such as your accountant or attorney.
*Some or all alternative investment programs may not be in the best interest of certain investors. No assurance can be given that any alternative investment’s investment objectives will be achieved.
Sophisticated advice and guidance for complex needs
Clients usually come to us for help with existing multilayered portfolios and complex compensation or revenue streams. Our team can help you understand how you can segment your assets, monetize concentrated or restricted stock positions, and diversify lump-sum distributions.
Diversifying concentrated wealth
Business leaders often have significant amounts of their wealth invested in control or restricted stock. Because of the large number of corporate and entrepreneurial clients we serve, our team has extensive experience helping clients manage these assets. We can give you knowledgeable advice and guidance on:
- 10b5-1 trading plans and Rule 144 trading
- Asset allocation and hedging strategies
- Liquidity and cash flow management
- Tax minimization and charitable giving strategies
Managing lump-sum distributions
Through employer-sponsored retirement plans, deferred equity compensation or private equity distributions, clients can receive large blocks of stock acquired at a low-cost basis. We offer to help clients manage these holdings through:
- Tax minimizing strategies for employer stock distributions
- Rollovers* into IRAs or other retirement accounts, or trusts through Bank of America
- Wealth transfer, gifting or other philanthropic strategies
Guidance for special liquidity events
When clients receive significant cash payments from the sale of a business or other assets, investment payouts or inheritance, our team helps them answer the question, "What now?" We can illustrate how large cash positions can be invested to support your overall wealth structure and to pursue your goals. Prior to divesture, our team can offer strategies to help minimize the impact of taxes on any proceeds.
*You have choices about what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs, and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is. Each choice may offer different investments and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information, please contact your Merrill Financial Advisor.
Capabilities
Merrill’s process is designed to help deliver a customized, comprehensive experience to assist you not only in wealth accumulation and preservation, but in areas that go beyond investments. Providing you with access to the investment insights of Merrill, trust and fiduciary services from Bank of America Private Bank, and the banking and lending solutions of Bank of America offers a way to help you manage all of the pieces of your financial life. Working one-on-one with a Merrill advisor means you have a single point of contact to help you with potential strategies for transferring wealth to the younger generation.
Focus On Individuals, Families and Small Businesses
We believe that financial success can be achieved when you’re able to make investment-related decisions and trade-offs that can help you reach personally meaningful goals. Whether you’re planning your retirement, saving to buy a home or funding a child’s education, the process begins by getting to know you and how you feel about the following:
- Health: Managing healthcare expenses, now and in the future
- Home: Upsizing, downsizing, remodeling or buying a vacation home
- Family: Taking care of your family and other people in your life
- Leisure: Spending your free time in meaningful ways
- Giving: Volunteering, mentoring others and giving to charities
- Work: Working in retirement, selling or starting a business
- Finance: Bringing it all together and defining your financial goals
Success will be measured by the amount of progress you are making toward reaching your goals, making thoughtfully considered adjustments as events and conditions warrant.
This material should be regarded as general or educational information on healthcare or Social Security considerations and is not intended to provide specific healthcare or social security advice. If you have questions regarding your particular situation, please contact your legal or tax advisor.
Philosophy
We believe the best financial approach is the one that helps you pursue your goals. That's why, from the start, we talk about your aspirations and encourage you to ask questions about issues that matter most to you. Calculating how to manage future health care expenses? College on the horizon? Considering the sale of a business or purchase of a home? Preparing to pass your wealth to future generations? It all starts with a plan intended to help you manage, grow, and preserve your wealth today, while also considering the impact it can have for years to come. With access to the investment insights of Merrill and banking solutions from Bank of America, we will work with you to develop an approach designed to help address your financial needs.
Approach
Every relationship begins with a conversation, helping you identify and prioritize which goals matter most to you. Whether it's transferring wealth to the next generation, customizing your financial approach to help you pursue your passions, or providing advice and guidance to help you stay informed, we start by listening to learn more about you and your family.
Your approach to investing
Drawing upon research in the field of behavioral finance, Merrill developed the Investment Personality Assessment to help us get to know you better as an investor and potentially help you refine your own investing preferences. By gaining a deeper understanding of how you think and feel about investing through this assessment, we can customize the financial approach we develop together to help you pursue what matters most to you. Our Investment Personality Assessment is one of the ways to help us get to know you - to understand your goals and priorities. These questions will help us provide you with additional insights and resources.
Understanding your goals and priorities
Your life and goals change. We have tools to help you keep track of these changes so they can be reflected in your financial approach.
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