Top Wealth + Best-in-State · rank 34 · New York, New York · listed firm: Merrill Private Wealth Management
Identity & firm
- Firm — Merrill Private Wealth Management (high)
- “The Magrone Group Merrill Private Wealth Management One Bryant Park Floor 28 New York NY 10036” — firm_official
- “"firmName": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED"” — sec_finra_regulatory
- Parent company — Bank of America (high)
- “I can provide access to the investment insights of Merrill and the banking convenience and lending solutions of Bank of America.” — firm_official
- Firm type — wirehouse (high)
- “"firmName": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED", "iaOnly": "N", "registrationBeginDate": "4/5/1999", "firmBCScope": "ACTIVE", "firmIAScope": "ACTIVE"” — sec_finra_regulatory
- Team name — The Magrone Group (high)
- “The Magrone Group We are a leading wealth management advisory team headquartered in New York City.” — firm_official
- Team size — 8 (high)
- “Meet Our Team David Magrone Managing Director , Private Wealth Advisor ... Ryan N Dubak , CFP®, CRPC™ First Vice President , Private Wealth Advisor ... Daniel Thoma Private Wealth Planner ... Anisa LaRochelle Officer , P” — firm_official
- CRD — 2425564 (high)
- “"individualId": 2425564, "firstName": "DAVID", "middleName": "SCOTT", "lastName": "MAGRONE", "bcScope": "Active", "iaScope": "Active"” — sec_finra_regulatory
- Years experience — 32 (high)
- “"daysInIndustryCalculatedDate": "12/17/1993"” — sec_finra_regulatory
- Designations — — (medium)
- “David Magrone Managing Director , Private Wealth Advisor 212.418.2831” — firm_official
Book of business
- Team AUM ($M) — 7200 (high)
- “Team Assets (Custodied): $7.2B” — forbes_shook
- “We serve approximately 50 families who have entrusted us with approximately $5 billion in assets as of January 2023.” — firm_official
- Account minimum ($M) — 25 (high)
- “Minimum Account Size for New Business: $25M” — forbes_shook
- Typical client net worth ($M) — 212.5 (high)
- “Typical Net Worth of Relationships: $75-350M” — forbes_shook
- Client niche — ultra-affluent wealth creators in finance (PE/hedge fund principals), real estate, and entrepreneurs, plus their extended families (high)
- “We advise wealth creators in three spheres of influence: (1) Finance (private equity and hedge fund principals); (2) Real Estate (investor, developers and managers); (3) Entrepreneurs and their respective extended famili” — firm_official
- Custodians — gap: not_applicable
- Fee model — fee_plus_commission (medium)
- “"firmName": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED", "iaOnly": "N", "bdSECNumber": "7221", "iaSECNumber": "14235"” — sec_finra_regulatory
Positioning & marketing
- Website url — https://advisor.ml.com/sites/ny/park-ave-office/david_magrone (high)
- “The Magrone Group - Financial Advisor in New York, NY 10036 | Merrill” — firm_official
- Value proposition (verbatim) — Our mission is to coordinate, consolidate, and simplify our clients' financial lives to enable them to focus on what is most significant to them and their family. We speak in plain language about four key issues: 1) Lifetime; 2) Heirs; 3) Charity; and 4) Taxes. (high)
- “Mission Statement Our mission is to coordinate, consolidate, and simplify our clients’ financial lives to enable them to focus on what is most significant to them and their family. We speak in plain language about four k” — firm_official
- Differentiators — Coordinates, consolidates and simplifies clients' financial lives, Plain-language framing around four issues: Lifetime, Heirs, Charity, Taxes, Deliberately limited client roster (~50 families) for ultra-affluent service, Specialization in wealth creators across finance, real estate and entrepreneurship, Customized approach backed by Merrill Private Wealth Management and Bank of America resources (high)
- “We are privileged to work with a select group of ultra-affluent clients, helping them navigate the challenges and opportunities of significant wealth. We serve approximately 50 families who have entrusted us with approxi” — firm_official
- “Each client we advise is unique, with distinctive needs and priorities. We insist on customizing our approach for each client, marshaling the resources of Merrill Private Wealth Management to devise and implement tailore” — firm_official
- Content marketing — none (medium)
- “Insights Beyond the page: How a successful writer pursues financial security Four for the Quarter: Top questions investors are asking right now Stay ahead of student scams Inside the American wallet: What’s fueling consu” — firm_official
- Has podcast — no (medium)
- “On this page navigate to... Mission Statement ... Welcome ... Recognition ... Our Approach ... Meet Our Team ... Insights ... About Private Wealth” — firm_official
- Books published — 0 (low)
- “David Magrone Managing Director , Private Wealth Advisor 212.418.2831 212.418.2831 Get in touch icon/control/launch copy View bio” — firm_official
- Linkedin url — https://www.linkedin.com/in/david-magrone-374224186 (low)
- “David Magrone - Private Wealth Advisor” — social_or_third_party_db
- Social presence — gap: not_found_after_search
- Press awards — Barron's "America's Top 1200 Financial Advisors State-by-State", 2019, Barron's "America's Top Private Wealth Advisory Teams", 2019 (high)
- “Barron's "America's Top 1200 Financial Advisors State-by-State", 2019 (Published on March 11, 2019. Rankings based on data as of September 30, 2018.) ... Barron's "America's Top Private Wealth Advisory Teams", 2019 (Publ” — firm_official
Visual brand
- Has distinct logo — no (high)
- “The Magrone Group Merrill Private Wealth Management One Bryant Park Floor 28 New York NY 10036” — firm_official
- Logo url — gap: not_found_after_search
- Visual brand notes — Merrill corporate template, no team mark: white ground, navy and gray sans-serif type, Merrill bull branding, plain-text team name, formal headshots and generic stock lifestyle imagery. (high)
- “The Magrone Group Merrill Private Wealth Management One Bryant Park Floor 28 New York NY 10036 Visit us (212) 418.2831” — firm_official