ML.com Merril Lynch - Wealth management, investment & banking services
Merrill Lynch
Merrill Lynch is one of the largest and leading financial solutions providers in the world. The services of the company range over wealth management, capital markets and advisory companies. Merrill Lynch has its offices in over 37 countries and territories. The services of the company are targeted towards individual clients, small businesses, various institutions and organizations. The activities of the company are grouped under two of its interrelated business segments namely Global Markets & Investment Banking Group and Global Wealth Management. The latter comprises Global Private Client and Global Investment Management. Serving an investment bank, Merrill Lynch is a leading global trader and underwriter of securities and derivatives spread across a wide range of asset classes. The company also advises corporations, institutions, governments, and individuals across the globe. Merrill Lynch proudly owns about half of BlackRock, one of the world's largest investment management firms, with over $1 trillion worth of assets under management.
History
Charles E. Merrill founded the company under the name Charles E. Merrill & Co. in the year 1914 at 7 Wall Street, New York. In a few months after this, his friend Edmund C. Lynch joined him and the company came to be called as Merrill Lynch & Co. Winthrop H. Smith joined the company in 1916. Smith led the firm successfully from 1940 until his death in 1961. The partnership wanted to acknowledge the wonderful contribution of Smith and therefore included his name in the company’s title getting it as Merrill Lynch, Pierce, Fenner & Smith, Inc in 1958. Until 1970s, the company was called as the Catholic firm of the Wall Street. In 1971, Merrill Lynch went public and thereon emerged as a multinational corporation with client assets worth $1.8 trillion, operating in over 40 countries of the world. In the year 2006, the company had a strong brokerage network of over 15,000. This network is often referred as the “thundering herd”. Merrill Lynch is highly popular for its Global Private Client Services and a fantastic sales force.
Business Profile
For an easy understanding, the company’s various operations can be clasFDFDFsified under services to individuals and services to Institutions and Corporations. Services to individuals comprises of Global Wealth Management, Advice & Market Intelligence, Investments, and Professional Money Management. Services to Institutions & Corporations range from Global Services, Global Markets, Private Equity, and Investment Banking. All the services of Merrill Lynch are supported and aided by top-quality corporate resources. The corporate & enterprise groups of Merrill Lynch support the core businesses of the company in several ways. The key organizations under this segment include Research, Global Infrastructure Solutions, Communications, Chief Financial Office, Office of General Counsel, and Leadership & Talent Management.
The revenue of the company is $9.9 billion in 2007with over 60,300 employees, the client assets worth $1.6 trillion. The total stockholders equity during the year is about $41 billion. The company is listed in the New York stock exchange under the symbol MER and ranked No.22 by Fortune500 magazine.
Awards and Recognitions
- Ranked 1 in the Barron’s list of Top 100 Financial Advisors
- Ranked 1 again on Barron's annual list of the top 100 financial advisors
- Global Custodian’s annual prime brokerage Survey (2007) labeled Merrill Lynch “A Major Force in Prime Brokerage” placing the company as No.2 in the whole of Europe.
Best Companies Accreditation 2007: ‘One Star Status’ to Merrill Lynch for corporate excellence in the workplace
- Human Rights Campaign (2007): Corporate Equality Award to Merrill Lynch
- DALBAR Ranked Merrill Lynch Client “Relationship Statement” First in Its Brokerage Category among 28 other brokerage firms
Official Site
The Official site of Merrill Lynch is MerrillLynch.com. The site is a fairly exhaustive location to know about the company, its performance, and services in detail. The additional sites and articles listed below can throw more light about the company.
Languages
English
Address
- 4 World Financial Center
- 250 Vesey Street
- New York, NY 10080 USA
- Tel +1-212-449-1000
Contact
- Merrill Lynch & Co., Inc.
-
- +1 212 670 0438, Fax: +1 212 670 4516
Additional Information
Related Domains
External Links
- Stock: MER
- Alexa: ML.com
- MerrillLynch.com
- Outlook for Improved Corporate Profits Outweighs Inflation Fears
- Merrill Lynch Names Ahmass Fakahany and Greg Fleming Co-Presidents
- Wikipedia: Global settlement
- Wikipedia: Primary dealers
References
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